Greyerz—The US Economy Is Crashing but The Global Collapse Will Be Even More Terrifying

The comments below are an edited and abridged synopsis of an article by King World News

Contrary to what we’ve been told, the world has been hit by the most vicious bout of inflation.

Greyerz—The US Economy Is Crashing but The Global Collapse Will Be Even More Terrifying - BullionBuzz - Nick's Top Six
Crumbling Shape of America – Do to coronavirus quarantine the USA economy and housing market crumbling concept on black background.

The transitory heads of the Fed and ECB clearly couldn’t recognize inflation until there was a scapegoat like Putin to blame it all on.

They were oblivious to the fact that Powell, Lagarde and their predecessors had laid the perfect foundation not just for a small spell of price increases but for an unstoppable avalanche of global inflation.

Up for discussion: Neither Covid nor Putin is the cause of inflation; growth in money supply creates inflation; energy is the key to economic growth; central bankers reading the tea leaves in Jackson Hole; it’s much worse than the 1970s; economies are on the ropes; stocks are starting an epic fall; interest markets will crash; and go for gold.

“Physical gold obviously won’t be the total remedy for the potential problems outlined above.”

“But as the monetary system makes its final move to zero, gold will most certainly be critical to hold as wealth preservation and insurance.”

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