Krystal and Saagar look at the metrics surrounding inflation and corporate profit margins that how how approximately 60% of the surge in prices of goods is resulting from rampant price gauging
In this episode of On The Margin Mike is joined by returning guests Grant Williams & Luke Gromen. We welcome back two financial market veterans for a special episode exploring the fracturing geopolitical landscape between the east and the west. Grant and Luke share their insight surrounding China’s declaration of war on the U.S, how the current monetary system could collapse China’s economy, the consequences of globalization, what the end game is for the dollar & how to prepare for the changing world order as two global superpowers collide.
00:00 ・ introductions
00:55 ・ The great power competition: China vs U.S
08:39 ・ Is it ethical to be in business with China?
18:44 ・ The consequences of globalization
20:11 ・ A battle of ideologies between the east and the west
24:51 ・ The current structure of the monetary system
31:30 ・ Inflation is the only way out of a sovereign debt crisis
31:30 ・ Emblematic of moral decay
49:38 ・ Understanding the financial oppression
55:06 ・ Opinion on how Bitcoin plays in all this
Goldsmith warned elites about the dangers of free trade.
00:55・The great power competition: China vs U.S
08:37・The difference in financial markets between China & the U.S
18:42・The consequences of globalization
20:08・A battle of ideologies between the east and the west
24:48・The current structure of the monetary system
28:45・Coinbase Prime Ad
31:26・Inflation is the only way out of a sovereign debt crisis
36:52・The end of an empire
49:32・What assets to buy during financial repression
54:58・Grant & Luke’s framework for Bitcoin
Junk bonds are yielding less than CPI
people haven’t been making i neverthought i’d see this in my careerdaniella the other day so-called junkbonds oryield bonds we’re yielding lower thanthe cpiindex it’s just unbelievable thatsomething we used to call junk we knowright nowis going to pay us less than what thecurrent inflation rate isi just don’t conceivably can’t bringmyselfuh to look at bonds in any way shape orformand quite frankly that’s a very scarything and maybei’ll end with this part the fixed incomemarket has been destroyed by the fedand that’s the last part of my businesswe i work with a group that specializesin retirement andbusiness and exiting and estate planningthe retirement business is completelyup in the air there’s no longer any safesecureprinciple secured investment out therepeople have to now takerisk to their principal in order tomaintain some sort ofyou know financial stability retirementwhatever it may beand that’s something we never thoughtwas going to be when we startedin this business and that’s the thingthat’s not being discussed by wallstreet but willwhen eventually the market implodes andthen people realize that hey what how doi do how do i keep maintaining mylifestylebecause i can’t i can’t keep making 5 10or twenty percent like it’slike it’s simple if i may one final noteit is an extreme pleasure and honor tobe interviewed by youand your listeners aredon’t recognize how fortunate andblessed they arebut because i know when i see you doother interviews that you’re on theother side of the coin orwho you’re interviewing but you don’tattack them you give them a chance toshare their views and in a nice wayyou bring up points that kind of pointout where they may not beand i have to tell you that’s a blessingand gift and i just hope you keep itmeans a lot to me peter thank you somuch thank you for those words andagain thank you for your time come backsoon to stansberry investor.com okay
They 100% lied about the inflation numbers in May. This is insane.
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In this episode of On the Margin, Brent Johnson of Santiago Capital discusses his views on whether or not CPI inflation is transitory or here to stay. We cover Brent’s view on the most recent CPI and PCE prints, why consumer prices are ticking up, and whether or not he thinks we are headed for inflation or deflation. We also did a review of Brent’s famous “dollar milkshake theory,” the impact of fiscal and monetary stimulus on the dollar, and why he believes a strong dollar is dangerous for global markets.
00:00 ・ Introductions
02:28 ・ Are we heading into deflation or inflation?
08:30 ・ How does QE play into the mix?
16:07 ・ How does supply/demand play into the mix?
25:20 ・ How do you predict inflation?
30:14 ・ Why is the strong dollar a problem for the world?
45:28 ・ What does a strong dollar do for stocks / US equities?
53:31 ・ The dollar’s international significance
58:52 ・ How to plan for a debt crisis
Economist John Williams, founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices. Williams says it comes down to “Inflation or Implosion.”
What would happen to the financial system if the Fed stopped printing massive amounts of money for stimulus and debt service? Williams explains,
“You could see financial implosion by preventing liquidity being put into the system. The system needs liquidity (freshly created dollars) to function. Without that liquidity, you would see more of an economic implosion than you have already seen. In fact, I will contend that the headline pandemic numbers have actually been a lot worse than they have been reporting. It also means we are not recovering quite as quickly. The Fed needs to keep the banking system afloat. They want to keep the economy afloat. All that requires a tremendous influx of liquidity in these difficult times.”
So, is the choice inflation or implosion? Williams says, “That’s the choice, and I think we are going to have a combination of both of them…”
“ I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already, we are coming back some now. . . . The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet, but you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year. . . . The Fed has lost control of inflation.”
And remember, when the Fed has to admit the official inflation rate is 10%, John Williams says, “When they have to admit the inflation rate is 10%, my number is going to be up to around 15% or higher. My number rides on top of their number.”
Right now, the Shadowstat.com inflation rate is above 11%. That’s if it were calculated the way it was before 1980 when the government started using accounting gimmicks to make inflation look less than it really is. The Shadowstats.com number cuts out all the accounting gimmicks and is the true inflation rate that most Americans are seeing right now, not the “official” 4.25% recently reported.
Williams says the best way to fight the inflation that is already here is to buy tangible assets. Williams says,
“Canned food is a tangible asset, and you can use it for barter if you have to. . . . Physical gold and silver is the best way to protect your buying power over time.”
Gold may be a bit expensive for most, but silver is still relatively cheap. Williams says, “Everything is going to go up in price.”
When will the worst inflation be hitting America? Williams predicts,
“I am looking down the road, and in early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with John Williams, founder of ShadowStats.com.