This is the inflation feed-back loop or vortex I’ve described in the past where inflation feeds shortages, which create more inflation as people bid up the price of goods that are more scarce.
The importance of these sound money efforts should not be underestimated. After all, taxes on the purchase and/or sale of the monetary metals are real disincentives against their ownership and use.
The United States still lags behind both China and Europe when it comes to the production and domestic uptake of EVs, and the world’s biggest economy has made it loud and clear it wants to challenge its rivals’ dominance.
China is more than four times larger than the US. So is India. Together they represent about 36% of humanity, the US only about 4%. We aren’t in the same league, population-wise.
As Fed officials talk of higher real-rates, Peter suggests that the "inflation genie" won't be contained, circa Volker's 1980's policies. Peter expects crude oil to continue its ascent, perhaps above the last bull market peak of $147 in 2008.
Your secretary/treasurer believes that it is hard enough these days to discern what government is doing and so it is impossible to know what government will do, beyond its general objective of cheating people.
