It’s the word that is on the tip of everyone’s tongue: inflation.
We were of course told by talking heads, Democrats, and Biden that inflation would not occur.
I even remember Jerome Powell saying that “printing money is no longer tied to the value of that money.” That is a WILD statement to make, and modern monetary theory doesn’t seem to hold up.
Peter Schiff is here to set the record straight, and I think what he is saying is time tested and true. The claims of modern monetary theory though? Not so much……
Schiff warns of coming inflation that may be as high as 20% in 2021.
The C.P.I. depending on how it is measured is also at its highest in 40 years, and some are even saying that this will make the 1970s look like a picnic.
Here is what Schiff is saying:
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