Lions VERY IMPORTANT! Please Weigh In On This. Thoughts? Opinion?
From Greg M
Lions…
Look at the chart below.
This is the relationship between the CPI, (consumer price index), and the inflation rate. The red circle on the left is the last time we had a crossover which led to an inflation surge. What reversed this surge, was In 1979, Federal Reserve Chairman Paul Volcker introduced a new monetary policy of high interest rates (circled below.)
As you know, I have been screaming from rooftops that THE LAST THING WE NEED is lower rates, like Sen. Elizabeth Warren and President Trump are calling for.
WE NEED MUCH HIGHER RATES! BECAUSE IF ACTION IS NOT TAKEN IMMEDIATELY, what is about to happen here in the US regarding inflation, will make what happened last time look like a walk in the park…
Immediate action is needed now due to the LAG EFFECT. Even when Volcker raised rates in 1979, the effect of higher rates took time to take effect… we will have the same situation here.
GM…. Thoughts? Opinion?
Yeah, when did government EVER pay down the debt.
We are screwed, blued and tattooed by the purple finger of fate...
What can we do about this anymore. Be your own bank.. Buy more gold and silver. I buy lots and lots of it... I am running out of storage... So when we have accumulated all of that or what we can afford... Then what? This is a store of wealth, a preservation of the past and future... All of this is disheartening as we are all going to be steam tooled one way or another... Taking cash outta the bank, not an easy task either... And do what with it? More stocks, PM, real estate.. What about a rainy day fund. Just a total dystopian nightmare coming is what I feel.. Should have built a bunker years ago if I knew what I knew now..