Inflation signs grow more disturbing in an economy that should be showing deflation and decreasing prices. Regardless of what the mainstream news and politicians say, the issue of inflation is a not short-term issue, not transitory. Based on the explosion of cryptocurrency, and the words of the Federal Reserve, there’s no limit to money printing and radical economic policy, and no limit to how worthless the U.S. Dollar may become. The dollar is certainly a dead duck. Runaway inflation is inevitable. The drunken-sailor federal government, along with loony Federal Reserve monetary policy is proving a growing disaster for poor, seniors and the huge number of unemployed. Hyperinflation is already here. Here’s how we know.
We’re in the middle of the Greater Depression of the 2020s, but not everyone can tell because the country is awash in conjured up cash. Extreme stock market volatility, massive unemployment, widespread destruction of small businesses and the middle class, large swathes of industries on artificial life support, very low productivity, shockingly low GDP prove that most prices should be falling. But they’re not — and here’s why:
Those who fail to learn from history are condemned to repeat it. Third world countries are not the only victims of massive inflation crises. Some of the most powerful, most educated, economically literate countries in the world have experienced shocking inflation throughout history. The high intellectual Weimar Republic was one of them. Like today’s U.S. Federal Reserve, the Weimar Republic’s federal reserve believed that printing massive quantities of money was the best of difficult alternatives. They printed money until it became so worthless that a wheelbarrow of money was required to buy a loaf of bread. Their money became so worthless that it ended up with a most efficient use of making kids toys, kites, arts and crafts, wallpaper and fire kindling. Today’s governments can be even more reckless because they are not limited to expensive paper, the government can print hundreds of trillions of dollars electronically and through non-physical financial instruments.
With today’s exploding violent crime in Downtown L.A. and outrageous gas lines on the east coast, gasoline prices are also shooting up in Los Angeles and across the USA: We’re sadly headed back to Jimmy Carter’s 1978 lunacy (believe me, doing gas shortages and mile long lines every day was not fun, and not practical. Regrowing filthy, dangerous urban areas are also not sustainable.) Don’t let it happen again!
Sell in May and go away? The stock market is showing signs of unease. The biggest gains shall be made by those who own lots of bitcoins, and who short sell low-quality stocks. What are the wealthy buying in order to protect and take advantage of inflation? Along with gold, stocks (not low-quality or overpriced stocks) and bitcoin, real estate is one of the best tactics to ward off the ill effects, and to benefit from inflation.
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On a cold morning in Detroit, I met Alan for breakfast and we headed out the suburbs of Detroit to look at some 