Silver Report Uncut and the Nomad Economist Saturday 4-17-2021

Silver Report Uncut

Consumer Prices Soar To Highest Level Since 2009 As The Fed Stops Publishing Money Supply Data

Silver Report Uncut: Apr 16, 2021

Headline CPI jumped 0.6% MoM (+0.5% exp) and 2.6% YoY (+2.5% exp). This is the biggest MoM jump since June 2009 and the biggest YoY jump since Aug 2018, as CPI follows PPI higher.

The index for all items less food and energy rose 0.3 percent in March, The shelter index also rose 0.3 percent in March, with the index for owners’ equivalent rent and the index for rent both increasing 0.2 percent.

Shelter inflation actually rebounded from 1.47% YoY in Feb to 1.70% YoY in March, the highest since 2020. Meanwhile, rent inflation continued to fade, and was up 1.83% in March, down from 1.96% in Feb, and the lowest since 2011. 

The Federal Reserve has stopped reporting its money supply data as often as money supply has significantly increased, making inflation a major threat.

In a recent video,  The Federal Reserve has stopped recording the increase in the M1 and M2 money supply, which he said is a major crime against the American people.

M1 money supply includes those monies that are very liquid such as cash, checkable (demand) deposits, and traveler's checks. M2 money supply is less liquid in nature and includes M1 plus savings and time deposits, certificates of deposits, and money market funds.

As the government pumps more money into the economy, it makes your money worth less and less. The M1 supply has increased by 450% in one year and yet they say no inflation is coming. The M2 money supply is up 30% in the past year.

https://www.youtube.com/watch?v=scqto9YWERI

Subzero Rates Are Coming to America

The Nomad Economist:  Premiered 16 hours ago

Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists, who all start from a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save too much and therefore saving must be penalized to stimulate the economy.

Excuse the bluntness, but it is a ludicrous idea. Inflation and growth are not low due to excess savings, but because of excess debt, which perpetuates overcapacity with low rates and high liquidity and zombifies the economy by subsidizing the low-productivity and highly indebted sectors and penalizing high productivity with rising and confiscatory taxation.

Historical evidence of negative rates shows that they do not help reduce debt, they incentivize it.

They do not strengthen the credit capacity of families: the prices of nonreplicable assets (real estate, etc.) skyrocket because of monetary excess and because the lower cost of debt does not compensate for the greater risk.

For the full transcript go to https://financearmageddon.blogspot.com

https://www.youtube.com/watch?v=sN--K7ECUzk

 

Previous
Previous

Fleming, Pimpy and More Saturday Night 4-17-2021

Next
Next

Iraqi News Saturday AM 4-17-21