Magflation: An Unexpected Gold And Silver Driver

.22 Rounds for Sale at Gun Range

Agriculture Prices Have Broken a 10-Year Downtrend

Given the way politicians and the currency creators have historically dealt with this, I'd cast a strong vote for the inflationary "solution."

What indications do we have right now that not only is inflation higher in disparate sectors of the economy considerably than the government's highly- manipulated statistics tell us, but even more important, that the rate of increase is moving at a worrisome (to us) speed.

  • In Indonesia, tofu costs 30% more than it did in December.
  • In Brazil, the staple, turtle beans, have risen 50% in the past month.
  • In Russia, consumers are paying 60% more for sugar over the last year.
  • Cereal inflation is now running at a 20% annualized rate.
  • Locust swarms are devouring food supplies in East Africa and Saudi Arabia.
  • Michael Snyder writes that The Head of the UN Food Program has stated there will be "famines of biblical proportions in 2021."
  • And demonstrating that, thanks in no small part to the recent Wall Street Bets – Reddit successful (if initially short-lived) foray into buying silver miners and physical metal, the case that we're moving into the public recognition phase for our thesis has been greatly strengthened.

Note a new subreddit, Wall Street Silver already has over 30,000 subscribers.

Few people are aware that, even as the Feds tout the validity of the CPI in tracking inflation – both current and expected – they openly admit food prices are the most accurate predictor of inflation!

Start keeping track of your grocery tab!

No less an establishment thinker than former U.S. Treasury Secretary, Lawrence Summers, opines, "I think there's a real possibility that within the year, we're going to be dealing with the most serious incipient inflation problem we have faced in the last forty years."

Consider that – starting right now – elevated inflation, concomitant with uneven economic growth and massive deficit spending via guaranteed income and the likely build-out of MMT - is going to duplicate the deleterious stagflationary effects of the ''70s... on steroids!

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