I thought the inflation we were seeing was just transitory? Well, now we see the Jewish Treasury Secretary Janet Yellen telling us that inflation is going to be a problem until the latter part of 2022.
Treasury Secretary Janet Yellen expects inflation to subside in the latter part of next year as more Americans get back to work, consumer demand shifts toward services and supply-chain issues abate https://t.co/Nr797ThWjr
— Bloomberg Australia (@BloombergAU) November 23, 2021
She went from telling us that inflation wasn’t much of a problem to telling us that inflation will be a problem for a full year. This means the inflation problem is far worse than she wants to admit.
Obviously, inflation is a major problem and I don’t see how these people will be able to do anything about it. The system became unglued because of the virus hoax, lockdowns etc.. which resulted in a number of policies that caused gazillions of dollars to be pumped into the system.
The Federal Reserve can’t do what they did in the early 1980s by jacking up interest rates. That would cause the whole system to implode. It would also be politically inconvenient. So the most likely scenario is them just continuing to pump gazillions of dollars into the system until we have a hyperinflationary collapse.
Whatever happens, the outcome is not going to be good. Buy some gold, silver, cryptos, guns, storable food and survival gear.
