1970’s Deja Vu?Is this the day the world realizes the Fed has lost control of inflation. Last month Fed chair Bernadine told New York Times inflation is coming down. Living thru the seventies, this economy is about to unravel. Right now high inflation but low unemployment. But by announcing 3 or 4 more half percent interest rate hikes or maybe more this, even someone hiding under a rock could predict this economy is headed to disaster like the 70's. The next natural step is stagflation. Something economists said could never happen until they saw it first hand back then. The economy is headed for high unemployment, and high inflation and high unemployment = stagflation. Today may be the day that Gold starts it journey upward as in the 70's. Stay Awake. This could be a wild ride.