Max Keiser and Nick Giambruno "Hyperinflation and Inflation " 6-8-2021
Keiser Report | Summer Solutions: The Road to Hyperinflation | E1707
Jun 8, 2021
n this first episode of Keiser Report’s Summer Solutions 2021 series, Max and Stacy chat to Marshall Auerback, an economic analyst, about the trillions of newly printed dollars and the chances it could lead to hyperinflation as no new goods and services are being created.
They also examine the hyperpartisanship of the elite media class who focus on condemning and marginalizing the tens of millions of ‘deplorables’ rather than try to bridge the opportunity and wealth divide.
Nick Giambruno: Inflation - Redefining Robbery
Palisades Gold Radio: Jun 8, 2021
If you hold fiat, you should generally hold the US dollar as other currencies have higher risks. Inflation is historically defined as an increase in the money supply, not price.
Governments are trying to redefine inflation as an increase in the price of goods. This is like redefining robbery to be "a mysterious loss of property."
The CPI is a crazy notion and analogous to letting a student grade their own paper.
The US uses its dollar as an economic weapon, which is why Russia and China are steadily moving away from it. This approach is becoming very counterproductive geopolitically.
Nick discusses what to watch for as a contrarian investor. Currently, he is holding liquid assets like cash, commodities, bitcoin, and gold.
No one knows what the trigger will be for the next crisis, but the foundation is unstable. Interest rates are one possible area to watch for problems should the Fed start to lose control.