The point I want to stress, though, is that any inflation is a problem. Even 2% inflation—which the Fed now regards as a floor—steals your purchasing power. Slow-motion theft is still theft. Now it’s not even slow motion.
As precious metals industry leaders in Latin America, the trio enlightens Andrew Maguire on the global scale of the inflation problem and presents physical gold as the stable monetary solution for local citizens.
Energy remains the biggest contributor to CPI inflation, in January representing 27% compared to 29.3% in December. Oil and inflation are linked because oil is such a major input of the global economy...
I came to realize that the only reason they didn’t manage to get the annual CPI rate of inflation down from December to January with all their category re-weighting was that they likely couldn’t.
The Idaho State House overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver.
In his essay, Bykov, who attended GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, in 2005, likened gold price suppression to a scheme to monopolize gold.
With inflation now running at 7.5% officially, the central bank would have to initiate 15 rate hikes of 50 basis points each in order to get out in front of it. There’s no chance that will happen!
We got our first Lehman taste in this collapse on Friday when the 2YR US treasury delivered the biggest rush in bond yields since Lehman Bros and Bear Stearns..
