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The Sudden Onset of Inflation

by Turd Ferguson, TF Metals Report:

Isn’t it interesting that, all of a sudden and after eight years of supposedly flat prices and deflation fears, all the rage is “surging inflation” and this phenomena may “force the Fed to act” to raise rates again as soon as March?

I don’t know. Maybe there really is a sudden surge of price inflation? How would I know when I’m just a dope with a MacBook? However, I think it’s fair to be more than a little skeptical..especially when it comes to the efficacy of government-created data. Is it possible for prices at both the wholesale and consumer level to suddenly surge to multi-year highs simply because Trump was elected? I’m having a hard time connecting the dots because that doesn’t seem likely or possible. Instead, it’s almost as if The Fed is dying to hike rates for their Banks and they’re getting the data they want/need to justify their ends.

To that point, check this chart that I pulled from Twitter. Note that it’s another one of those FRED charts from the Fed’s own database. So, help me out with this…If the purchasing power of the dollar is down 30% over the past 17 years, how is it that NOW is the first time that we’re actually seeing significant MoM and YoY inflation numbers??

Instead and once again, are the numbers simply being cooked/fabricated/made-up simply to fit the desired narrative? Want to run rates to historically low levels? Have the BLS (yes the same Bureau of Labor Statistics that cooks up the BLSBS each month!) print “inflation” at historically low levels, too! Need/want to hike rates for whatever reason? Have the BLS suddenly print that inflation “is surging”!

And you think that’s not possible?? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH! Again, check that chart above from the Fed itself and tell me that inflation is only now beginning to pick up.

Why is the purchasing power of the dollar continually declining? Because The Fed is constantly increasing the supply of dollars in order to meet the liquidity demands of their Banks and the federal government!

Of course, many will then think of M2 “velocity” next. Granted, this chart is only updated through the end of Q4 but do you see anything here that suggests a sudden trend change? Me, neither.

So, of course what I’m suggesting here again is that it’s all bullshit….just like everything else. Game the statistics into whatever you want/need them to show and then the Financial/Political/Media Complex reacts accordingly. All the while, the average person gets screwed. How?

The BLS deliberately understates inflation in order to constrain COLAs for retirees and Social Security recipients
The Fed decreases rates to zero and prints trillions of new greenback in order to save and shore up their member Banks
Now at the appointed hour, the Fed wants to hike rates so that their member Banks can charge more interest upon the vastly increased money supply, further strapping with higher interest costs the average individual or retiree.

Who wins? The Banks. Who gets screwed every time? The average, everyday American who is just trying to scrape by, working three jobs and desperately trying to hold it all together.

Only popular uprising or financial collapse exist as possibilities for changing this inherently corrupt and criminal system. Since popular uprising seems unlikely due to the complete lack of economic education in this country, we’re left with only the option of financial collapse as a way of extricating ourselves from the serfdom of central bank control. And sadly, when it inevitably comes, global financial collapse is going to be an unmitigated disaster for nearly everyone.

Read More @ TFMetalsReport.com

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1 comment to The Sudden Onset of Inflation

  • rich

    This Country Wants Everyone to Have 100 Grams of Gold

    Kyrgyz National Bank governor wants everyone to own some gold
    Central Asian country’s central bank purchasing more bullion

    A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.

    One of the first post-Soviet republics to adopt a new currency and let it trade freely, Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export.

    Tolkunbek Abdygulov
    Photographer: Baktybek Meimanbekov/National Bank of the Kyrgyz Republic

    “Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings,” he said in an interview. “I’ll try to turn the dream into reality faster.”

    In the two years that the central bank has offered bars directly to the population, about 140 kilograms of bullion have been sold, Abdygulov, 40, said by phone from the capital, Bishkek.

    “We are hopeful that our country’s population will learn to diversify its savings into assets that are more liquid and — more importantly — capable of retaining their value,” he said. In rural areas, cattle is still the asset of choice for investors and savers, according to Abdygulov.

    https://www.bloomberg.com/politics/articles/2017-02-15/currency-pioneers-build-nation-of-gold-bugs-on-ex-soviet-fringes

    and the West wants everyone to have a credit card balance approaching their limit…where the future is living off reverse mortgages….A BANKING CARTELS DREAM

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