The Agenda Is To Destroy America And The USD
Cleaner sweeping the floor after the Wall Street crash, 1929
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Inflation is not coming — it’s here, and boy is it going to be angry.
There is no longer any doubt that the OBiden administration is seeking to destroy America and the greatest financial system ever created.
This is what communist plants installed by the Chinese Communist Party do.
We are thirty trillion in debt, and OBiden is just getting started.
The ‘infrastructure’ plan, that has very little infrastructure, is on its way, along with forgiving student loans, massive redistribution of wealth, et cetera, et cetera.
The sad thing is the Fed can’t raise rates to combat the inevitable rise in prices. The historical level of the US 10 year bond is around 5%. We are less than 2%. Even to get back to historical averages will cost hundreds of billions in debt service cost – something we simply cannot do.
So, as Steve Bannon so eloquently says…’embrace the suck’.
Or should we say, ’embrace the hyperinflation’, which is surely coming.
Why gold is still languishing is a mystery to us.
Yesterday
Consumer Price Index Core s.a. (Mar) printed at 271.2.
Consumer Price Index (MoM) (Mar) printed at 0.6% vs 0.5% consensus estimate.
Consumer Price Index n.s.a.(MoM) (Mar) printed at 264.877 vs 264.69.
Consumer Price Index ex Food & Energy (MoM) (Mar) printed at 0.3% vs 0.2% estimate.
Consumer Price Index (YoY) (Mar) printed at 2.6% vs 2.5% estimate.
Consumer Price Index ex Food & Energy (YoY) (Mar) printed at 1.6% vs 1.5% estimate.
Today
Import Price Index (MoM) (Mar) printed at 1.2% vs 1.0% estimate.
Import Price Index (YoY) (Mar) printed at 6.9%.
Export Price Index (MoM) (Mar) printed at 2.1% vs 1.0% estimate.
Export Price Index (YoY) (Mar) printed at 9.1%.
