Inflation is Picking Up Steam



In this episode, we look at 5 indicators showing inflation is beginning to accelerate. These trends will only advance as spending picks up again next year, and those in power are adamant they will do nothing to stop it.

Sources:
https://www.newamerica.org/in-depth/care-report/introduction/

Inflation Is Back, Big-Time


https://fred.stlouisfed.org/series/CSUSHPINSA
https://www.thestar.com/business/2020/12/08/your-grocery-bill-is-about-to-go-up-in-the-new-year-driven-by-higher-costs-for-meat-produce-and-bakery.html
https://www.ft.com/content/659eda55-4ac2-4c6a-b500-2edddc258d04

Home prices see greatest gain in over 6 years


https://fred.stlouisfed.org/series/SPCS20RSA
https://www.cnn.com/business/live-news/stock-market-news-061020/h_213d00641eab8aacc55ff33db99a1421

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37 comments
  1. I would tread lightly with Bitcoin, or any crypto currency. There's no strong barrier to entry. Anyone can make their own cryptocurrency which would dilute the market share of other cryptocurrencies.

  2. Could you talk about gold standard possibly returning? Just curious on your thoughts if it will, and if we will see a decentralized bank system outside the global market reach. Some sideline sources say the potential is there. I think they’re crazy, but, I was hoping to inspire you with a topic of discussion.

  3. I embraced MMT as a community development tool in the 1970s; worked like magic. The key is the injection can only be applied to profitable projects – it isn't welfare and not a bail-out , certainly not 'stimulus' that amounts to delayed inflation and job loss. The problem is give America something good and useful and they mess it up just as 'capitalism' in the hands of American banks / corporates and their paid for 'elected' reps has become Greed Capitalism.

  4. The CPI is the worlds biggest scam for 3 reasons. 1) they underreport inflation so they have no reason to stop printing 2) they underreport inflation to minimize indexed benefits 3) they underreport inflation to over report growth when in actuality we haven't had any real growth in years. A multi trillion dollar scam to steal your production and concentrate the wealth to the top.

  5. You missed hidden inflation on the ever shrinking food packages at the store, same or higher price for way less of product. It's been going on for the past twenty years.

  6. MMT people want to destroy western capitalism and democracy. As Churchill said, it's far from a perfect system, but it's the best one we've got. Trying to replace it yet again with a form of communism is only going to end in tears. They never, ever learn the leftists. They are so stupid they have zero chance of seeing their own stupidity, so here we go, yet again, into tyranny and misery.

  7. Huge problem inflation… The Fed and the investment bankers have the corporate bond market in a huge bubble…. can you say 70%…80% and higher above par valuations… if they even think about raising interest rates they will crash the entire corporate bond market…. they have created a huge mess…

  8. The rich are restocking their arsenal of weapons that were used to divide and conquer the masses. The media, police, immigration, and debt were just few. If we don't work together they will attempt to destroy us all.

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  10. Inflation is going to really get moving once they bring in UBI. When Klaus Schwabs cyber pandemic happens and the governments try to bail out the banks and stock markets inflation will sky rocket even more. I suspect they'll have to start raising interest rates and that folks is when the derivatives will implode, not to mention it will crash the economy and bankrupt everyone who has a mortgage or debt.

  11. Hey Joe, love your videos! Quite simply, would you recommend a career in finance? I know you're endeavour is to equip people to be experts with their own personal finance, and I don't wish to commit my life to investment banking… but as a 26-year-old fella with sabotaged career goal (aviation) & a love for all of these discussions. I'm wondering if you believe it's worth it or should remain a personal focus (I have a BSc and MSc but unrelated to economics/finance). Thank you so much! //Matt

  12. Thinking about thinking about thinking about raising rates. First time Powell said it he said it twice. Second time he said it he said “thinking” THREE TIMES.

    Sorry but I’m a stickler for that 🙂

    And the fact that he said it 3 times makes the whole thing even more awesome

  13. Steak is bad for your health. As people stop eating steak the price will stabilize and possible come down. The price of chicken and fish will rise as people switch from red meat to white meat

  14. All the stuff is made in China. China's assets are bonds denominated in USD. If the USD drops, this reduces the value of the bonds china holds relative to the euro and that brings the chinese yuan down faster than the us dollar. And that reduces the consumer price index. It's a replay of what America did to Japan in the 80s.

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