Nothing Is Over: Inflation Is about to Come Back with A Vengeance
The comments below are an edited and abridged synopsis of an article by Brandon Smith
Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media to declare US inflation defeated, despite all the facts to the contrary.
When these people talk about inflation, they are only talking about the most recent CPI, which is supposed measure of current inflation growth, not a measure of inflation already accumulated.
But the CPI is easily manipulated and focus on that index alone is a tactic for misleading the public on the true economic danger.
Smith discusses four types of inflation; reasons for the inflation spike; M2 money supply; too many dollars chasing too few goods and services; Biden’s scheme of dumping strategic US oil reserves to artificially bring down CPI; geopolitical factors; downgrading the US credit rating system will encourage foreign investors to dump the dollar; the battle between deflationary factors and inflationary factors; and the Fed’s interest rate hikes.
Inflation and deflation will be pulling the US economy in two different directions. However, inflation is not done yet and the Fed will hike a few more times to suppress it in the short term. In the long term, the viability of the US dollar is the issue.