Loading ...Inflation – What It Is & Isn’t
This is by far the best, concise piece on what inflation is and isn’t, I have ever read. Describes what the FED is, & how it works. While clear and easy to read, it is the equivalent of an advanced course in money and banking. A MUST READ for both experts and neophytes. https://goldseek.com/article/high-prices-are-not-inflation
Steve Saville was all over this kind of clarity (at least) 20 years ago.
I still have some of those reports he wrote. He was probably onto it well before then, but that was when I first saw his work via Richard Russell’s forum.
Popular usage of the term “inflation” as prices is part of the MSM fraud.
Intentional deception. Misdirection.
BUT … the inflation happens by commercial banks AND now by shadow banks and lenders too. GMAC, furniture stores, hedge funds, pawn shops.
Any entity that says BUY NOW PAY LATER is inflating.
The way to corral it is with higher rates, and that’s where the high powered money issued by central banks comes in. My read is that the BOJ is/has been leading the charge. It all owes to that Carry Trade That Never Ends. Yen as confetti.
PS — I thought you said buy the metals, or forever be left behind? No?
Might want to go back and reread his points.”Higher prices are the result of a loss in purchasing power and are the effects of inflation.” It is all about money creation by the FED. More debt by people buying now and paying later or maxing out their credit cards is just the result of the loss of their purchasing power as a result of the FED created inflation.PS I did say to buy the metals particularly silver and laid out the three possible scenarios I see for the coming rally. The slow and steady rise scenario, at least until $30 is taken out, is the higher probabilty. While I didn’t use your phrase about being forever left behind, that is a good description once the $30 high is taken out.