Middle- and working-class Americans suffer the brunt of inflation, which is properly defined as the central bank pumping money into the economy thus reducing the dollar’s purchasing power.
The Fed has been consistently telling everyone what it will do, and with inflation creeping back up and the jobs metric that the Fed is watching holding strong, there is no leeway for the Fed to pivot.
Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending.
The Biden Treasury Department along with the Federal Reserve have been actively exploring the possibility of issuing a digital dollar. Trump vowed to stop it from moving forward if elected President.
Inflation is already nudging upward, forcing the Fed to stay at the fight longer, and markets that have bet themselves up on pivot hopes are going to be disappointed.
The lagged effect of the unprecedented loosing of financial conditions is about to strike ... and with it 'animal spirits' will be reborn - and the threat of re-inflation.
The US is the cleanest dirty shirt in the laundry, a massively productive and rich nation, albeit marred by political and social stress, and that wealth can mask a multitude of sins.
The harm is exacerbated when you consider that ALL of New Jersey’s neighbors (Delaware, New York, Pennsylvania) have already stopped taxing gold and silver.
Inflation is caused by money printing. The carbon hysteria will mostly be financed by money printing. So, there’s an indirect relationship. But it’s actually worse than that...
