Government can print money, but they cannot print the things that we buy. If you just produce money and no supply, then there is a surplus of demand -- too much money chasing too few goods.
Americans have access to a lot of credit, but capital investments are not being made.
Lot of people spending and not producing.
There is nothing transitory to what we are seeing except to much higher inflation.
Peter Schiff: https://schiffgold.com/
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
