RE:RE:RE:RE:RE:RE:RE:RE:Buy When Things Are Cheap!Hi liveit, google John Williams "Shadowstats", he has been keeping records on inflation in The US for over 20 years. He uses the old method that includes housing and food in the equation. The official Government statistics in The US is 7.9%, but those records if calculated using housing and food bring the inflation rate up to 15%.
I'm surprised that you have never heard of John Williams, he is a well respected economist in our industry, and has been for many, many, years. A lot of newsletter writers talk about inflation being listed by the government at 7.9%, but then refer to Williams statistics, at 15%.
Since the pandemic The total US money supply has increased by 41% in two years. America has a fiscal debt of 30 trillion US$. To give you an idea of the size of their liabilities consider that 1 trillion dollars is equivalent to 58 miles of one thousand dollar bills stacked one on top of another. Now multiply that by 30. America is by far the largest debtor nation the world has ever seen.
Now think about how much inflation in the form of US currency is sloshing through the system. STAGGERING! Canada is not much better off as they follow The American lead almost to the tee. We live in the everything bubble caused by excessive government money printing that is affecting every commodity, hard and soft. This is a perfect storm for hyperinflation, that could cause a catastrophic crash.
CHEERS!