Peter Schiff Is Right: The Cost of Living is rising PERMANENTLY, the outlook looks good for Gold – September 23, 2021,

Just finished listening to Peter Schiff’s podcast, I lost the link so I’ll link to the youtube video below, it’s titled The Fed That Cried Taper – Ep 733 | Peter Schiff
there’s no getting around it at this point, the Fed is tapped and the Biden Administration has inflationary policies, so inflation is coming and it looks to really take off in the year 2022.

Why you should care, is that prices for everything, everywhere are going to up not only now, but in the near future and the only thing that can stop prices from rising will be higher interest rates. Modern Monetary theory can’t help this problem, in my opinion, because if people get the same or even a better reward for being on Welfare than they get for working at a low wage job, central money printing will accelerate as the private sector will be stuck in a cycle of constantly paying their workforce more money.

I personally don’t see anything modern about Modern Monetary Theory as described to me, I think people forget that we’re a U.S dollar standard and if that standard is severed, there’s no guarantee that the new system will work, and even if it does work, price discovery in the new system will be harder in U.S digital dollars because the amount of debt America is in exceeds every country in the world and property rights in America with all of the regulations makes America not the best place to invest in.

In the modern world, the U.S dollar is king because people spend it outside of the United States and because most currencies debase their currency to this U.S dollar, countries outside of the U.S can often pay their public sector easier by appreciating the Greenback. In MMT or SDR’s this would change, meaning that government spending all over the world would be exposed to problems it didn’t have under the U.S dollar system.

All that aside, because of government spending and government regulations, the cost of living is going to go upward in the United States and stay there until the necessary government regulations are cut, which would happen sooner than later if the Federal Reserve NORMALIZES interest rates, which I suspect it won’t, because NORMALIZING interest rates will not only lower asset prices, it will trigger an economic collapse.

Higher prices equate to economic deflation and even if the Democrats borrow from the Federal Reserve and pend that borrowed money into the economy, that money will buy fewer goods and services, meaning that the wealth effect is going to disappear faster. This all bodes well for Gold and Silver

Interesting times ahead!