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Tag Archives: inflation

It’s Not About the Rona: SchiffGold Friday Gold Wrap Sept. 4, 2020

After rising early in the week on the Fed’s promise of more inflation, gold and silver dipped a bit late in the week with some positive economic data bolstering hopes of a quick economic recovery. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reiterates that what’s going on isn’t fundamentally about the coronavirus. He takes a deep dive into the Fed’s new inflation policy and makes the case that this was all in play long before the pandemic.The SchiffGold Friday Gold...

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The Fed Is Targeting More Inflation Out of Necessity

Last week, the Federal Reserve announced a change in the way it will target inflation going forward. In other words, the central bank moved the inflation goalposts. In effect, the new policy will allow the Fed to let inflation run hotter.As Peter Schiff explained in his podcast, the move was expected and necessary.What the Fed has done with all of its prior monetary stimulus is to create a situation where the Fed can never actually fight the inflation that it creates. That’s why the Fed is...

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JC Penney Headed To Liquidation?

A Pfennig For Your Thoughts September 1, 2020 Is * Currencies & Metals both rally on Monday…  * Chuck’s thoughts on The Fed’s Inflation averaging…  Good Day… And a Tom Terrific Tuesday to you! A real downer day here yesterday with clouds and rain, but by dinner time the sun was out, and it was a nice evening…. I wasn’t feeling up to sitting outside to watch the game last night, as my stomach was questioning the gumbo I ate for dinner…. But I got through it unscathed and was able to...

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Even the Mainstream Is Getting Bearish on the Dollar

Peter Schiff has been warning about a dollar collapse for years. Now we’re starting to see some mainstream bearishness on the greenback.The dollar hit a more than 2-year low on Monday and closed out August with its fourth straight monthly loss. It was the worst August in five years for the dollar and the longest run of monthly losses since the summer of 2017. The dollar is down about 11% from its 2020 peak.In response to the economic shutdowns imposed by governments to deal with the...

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Powell Does His Best Imitation Of Big All Greenspan!

A Pfennig For Your Thoughts August 27, 2020 * Currencies & Metals both rallied strongly on Friday…  * Chuck questions just what the heck did Powell say?  Good day… And a Marvelous Monday to you! Ok, front and center this morning… I had my scans on Thursday morning, and one Friday morning I received the results… No new cancer was found…. Of course I still have the lesion in my jaw, but right now it’s behaving…. So, I’m good to go cancer-wise for another 3 months… What has happened to...

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Peter Schiff: The Fed Moves the Inflation Goalposts

The Fed has moved the inflation goalposts.The central bank will no longer focus on keeping a lid on inflation. In his podcast, Peter Schiff said this policy will simply speed up the destruction of the dollar and the economy.Jerome Powell announced the new policy during his speech in Jackson Hole last Thursday. In the past, the central bank has targeted a 2% inflation rate as measured by CPI. Now it will shift to “average inflation targeting.” In effect, the Fed will allow the CPI to run...

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Some Links

Alan Reynolds writes wisely about the inevitable negative impact of minimum wages on low-skilled workers. Here’s his conclusion: Past increases in the federal minimum wage always resulted in many more people pushed into jobs paying below minimum and usually losing whatever benefits they previously enjoyed. Far from being an effective and humane way to raise the lowest incomes the unintended consequence of increasing the federal minimum wage has, in fact, been to force hundreds of...

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Bad Monetary Theory Leads to Disastrous Government Policies

Last month, gold broke its all-time record price. As we have explained, to really understand what’s going on, you need to flip the equation. Dollars are at an all-time record low compared to gold. Simply put, the recent surge in gold prices is all about currency debasement.We were on this path long before coronavirus reared its ugly head. After all, this gold bull market started back in 2015. But the government response to the pandemic put the process in hyperdrive. In March, the Federal...

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Neil Barofsky Tells Us How TARP Money Was Used…

A Pfennig For Your Thoughts August 26, 2020 * A nothing day in currencies and metals yesterday* Traders wait for Powell’s talk on generating inflation tomorrow…  Good Day… And a Wonderful Wednesday to you! I had a good day yesterday, and didn’t require a long nap during the day! There are days when I wake up and know that it’s going to “one of those days”, and then there are days that I wake up and say, “I’m ready!”. Tomorrow morning I’ll have to be on the ball early, to report to the...

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Wells Fargo: Gold Bull Run Signals Growing “Lack of Trust” In Monetary System

It’s easier to understand gold’s record-breaking move up if you look at it from the other side of the equation. The dollar is now at its all-time low compared to gold. In simple terms, the dollar is losing value and dollar debasement is driving up the price of gold.This isn’t a narrative you don’t typically hear on the mainstream financial networks, but there seems to be a growing awareness that the dollar and the system based on it might be in trouble – even in the mainstream investment...

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