The Consumer Price Index hit a 40-year-high of 7.9% in February. Of course, it’s even worse than that. The official government numbers are rigged to understate rising prices. But inflation doesn’t just hit us with rising prices. In some cases, we pay more, but we get less. This is known as shrinkflation. For instance, Frito-Lay […]
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Retail sales have gone up to start the year as Americans keep spending. But what are they buying? Inflation. American consumers are spending hand-over-fist in an effort to keep up with surging prices. January and February are typically the weakest months of the year for retail sales. But spending on retail goods popped in the […]
The post Blog first appeared on SchiffGold.
Bloomberg/Mark Burton and Alex Longley/3-18-2022
“It’s getting harder to deal in some of the world’s most important commodities as everything from geopolitical turmoil to exchange snafus prompt traders to rush for the exits, rapidly draining liquidity.”
USAGOLD note: For all the traders out there who wanted to see more volatility in financial markets in order to enhance trading opportunities, you got what you wished for. The question becomes whether or not the exchanges remain stable enough to reward the winners and punish the losers – equitably and fairly.
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Credit Suisse/Zoltan Pozsar/3-7-2022
“We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West. A crisis is unfolding. A crisis of commodities. Commodities are collateral, and collateral is money, and this crisis is about the rising allure of outside money over inside money. Bretton Woods II was built on inside money, and its foundations crumbled a week ago when the G7 seized Russia’s FX reserves…”
USAGOLD note: We referenced this important analysis in Friday’s Daily Market Report and repost the link here for those who may have missed it ……
Image attribution: Archives New Zealand, CC BY-SA 2.0 <https://creativecommons.org/licenses/by-sa/2.0>, via Wikimedia Commons
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