‘Shocking’ inflation now double the Fed’s target, is ‘harbinger of things to come’ – Steve Hanke

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Heading inflation is now at 4.2%, the greatest analysis given that 2008. Steve Hanke, professor of employed economics at Johns Hopkins University, said that this is a 'precursor' of even more rising cost of living.

Hanke informed David Lin, support for Kitco Information, that inflation could run as high as 5% by the end of following year.

0:00 – 4.2% headline CPI … what's next?
4:15 – Golden development rate of money supply
6:36 – Cash speed
7:50 – Fed's following steps?
9:50 – Document shortage
13:00 – Is depreciation a risk?
14:06 – End to "Biden's victorious march"
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