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Inflation is like ‘cocaine addiction’, the Fed is hooked and wants more – E.B. Tucker (Pt. 1/2)

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Heading rising cost of living came out more powerful than anticipated on Thursday, at 5.0%, as compared to the consensus expectation of 4.8%.

The government desires higher inflation and is developing policies that would certainly contribute to greater costs and also greater wages, said E.B. Tucker, director of Metalla Nobility.

0:00 – 5% heading CPI
5:30 – Why would government want even more inflation?
9:46 – Fed's following steps?
14:06 – Rising cost of living vs wages
16:09 – Inflation hedges
18:50 – Mining business margins
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Inflation is like ‘cocaine addiction’, the Fed is hooked and wants more – E.B. Tucker (Pt. 1/2)

Headline inflation came out stronger than expected on Thursday, at 5.0%, as compared to the consensus expectation of 4.8%.

The government wants higher inflation and is creating policies that would be conducive to higher prices and higher wages, said E.B. Tucker, director of Metalla Royalty.

0:00 - 5% headline CPI
5:30 - Why would government want more inflation?
9:46 - Fed's next steps?
14:06 - Inflation vs wages
16:09 - Inflation hedges
18:50 - Mining company margins
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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