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Producer Price Inflation Hits New Record High, Pricing Pressures Near '70s PeakOct 14, 2021 - 05:42:40 PDT
Is The Fed already too late with its taper?
September CPI came in above expectations. At this point, even the central bankers at the Federal Reserve are having a hard time sticking to the "transitory inflation" narrative.In his podcast, Peter Schiff talked about the CPI report. He said it reveals that we're entering an inflation super-cycle and perhaps the markets are starting to figure this out.Peter called this the "government report card on inflation," noting that it's not particularly reliable because the government is grading itself.
Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate ChangeOct 14, 2021 - 05:26:36 PDT
And this is where we get to the punchline: as BofA admits, it’s all about greenlighting the biggest QE episode in history! It's really all about launching the biggest debt monetization - and wealth transfer - episode of all time.
Energy Crisis? What Experts Are Saying As World Faces Historic Energy-Price CrunchOct 14, 2021 - 05:23:35 PDT
Prices of fossil fuels around the globe have been surging. Some commodity pros are referring to this current condition as an “energy crisis,” one that could have far-reaching implications for average Americans but also for energy policy as the U.S. --- and the rest of the world --- attempts to wean itself off crude oil and transition to renewable sources of power.
Putin: US Killing Dollar As Reserve Currency by Weaponizing Sanctions & Uncontrolled Money PrintingOct 14, 2021 - 05:19:50 PDT
Washington itself is undermining the US dollar's long-time status as the world’s largest reserve currency by using the greenback as an instrument of sanctions abroad, while raising the national debt and driving inflation at home.
The rebound in economic activity from coronavirus restrictions has exposed shortages across the supply chain with companies scrambling to find workers, ships and even fuel to powers factories, threatening a nascent recovery.
The pace of headline inflation in Sweden picked up to its highest level in more than a decade in September, data published on Thursday showed, though the central bank is unlikely to react unless price pressures become persistent. Consumer prices in Sweden, measured with a fixed interest rate, rose 0.5% in September from the previous month and were up...
Base metals surged, led by zinc, which spiked to the highest since 2007 after European smelters became the latest casualties in a global energy crisis that’s knocking supply offline and heaping pressure on manufacturers.
The nation’s largest bank said Wednesday that it’s starting to get worried about inflation, warning that the hot pace of price increases could last through 2022.
G7 Finance Officials Endorse Principles for Central Bank Digital CurrenciesOct 14, 2021 - 05:01:21 PDT
G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said. “Innovation in digital money and payments has the potential to bring significant benefits but also raises considerable...
Global Stocks Up As Inflation Pulls Forward Rate Hike Bets, Dollar SubduedOct 14, 2021 - 04:55:41 PDT
World stock markets rose and longer-dated bonds rallied on Thursday as investors reckoned rising inflation would bring forward rate hikes around the world.
Chinese developers fell in Shanghai stock trading as the embattled industry was hit by yet more downgrades.
China’s factory-gate prices grew at the fastest pace in almost 26 years in September, potentially adding to global inflation pressure if local businesses start passing on higher costs to consumers.
This is an important Gold Member update on Energy, Metals, and a General Trade Update. I provide analysis on silver, gold, energy, and some stocks. I highly recommend Gold Members watch this video because it provides interesting information on the metals and energy and how the prices may play out over...
“Inflation expectations mixed with global growth concerns have made many investors nervous that the business and the consumer will be much weaker in the second half of 2022. Safe-haven flows are starting to come gold’s way,” Edward Moya, senior market analyst at brokerage OANDA, said in a note.
Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on.
Huge Social Security Cost-of-Living Increase Could Accelerate Trust’s DepletionOct 13, 2021 - 12:42:28 PDT
Social Security recipients in 2022 are in line to receive the big payment increase in nearly four decades, reflecting a pandemic-drive inflation surge – but the boost could ultimately deplete the fund a year earlier than expected.
This is not our outlook but given the oddities of the current environment and our fiscal leaders’ carelessness, it’s one we must consider.
All of this really means that the FED and the U.S are in a tough spot. They need a lot of growth to dig out from mountains of debt, but they cannot afford for rates to move too high or debt service will become an issue.“
That the neofeudal lords and their lackeys offer the debt-serfs "choices" of forced labor would be comic if the results weren't so tragic.