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Inflation Reached 31-Year Highs in October

Jerome Powell suggests it’s time to stop describing inflation as ‘transitory’ So now we know...Inflation isn’t going anywhere — but prices certainly are. The latest Consumer Price Index for October recorded a 6.2 percent increase.  It's the largest increase in over 30 years and far outpaced economists’ expectations of a 5.9 percent spike. October's data represents months of faster rising prices, compared to levels the U.S. economy has seen in years.  Consumers are starting to notice the increasing bite that rising food prices are starting to take out of their monthly budgets. Nearly 60 percent said that grocery stores were where they saw the most dramatic price increases. According to an October survey of US consumers by Bank of America Global Research,“Inflation hurts Americans' … Read More

Watch Me Pull A Massive Spending Bill Out Of My Hat!

Before the morning sun painted my Texas sky with an artistic hue of orange and yellow, I began the daily jaunt through my favorite sources of information and written opinions. I have a cache of writers and news sources I respect and trust to have the insight necessary to prepare for the coming barrage of questions I am faced with daily. I read both sides of opinions on arguments that shape our current landscape of societal and economic chaos.In trying to make sense and direction of the mass of information, true, and mis, I am reminded of a good friend of mine who is quite adept at the art of magic. One evening, after a casual display of his sleight of hand, in summary, he explained to me that the key to illusion was distraction. To understand the “trick” you must pay attention to what your … Read More

Bank of America Calls Gold “Ultimate Store of Value” Raises Target Price to $3000 oz

The Fed cannot print gold , unlike every other asset. Bank of America has caught up with where we have been for the past few years. "As central banks and governments double their balance sheets and fiscal deficits, we up our 18 month target from $2000 to $3000/oz" We believe it's clear now that even Wall Streets agenda is lining up with all of those who have been calling that the biggest winner of the central bank insanity will be the "barbarous relic". Gold. Now with the Fed committing to do whatever it takes to prevent widespread panic and bankruptcies in the US, Congress injecting 5 plus trillion stimulus and economic growth at a crawl until there is a cure or vaccine inflation could rise even if GDP doesn't.  This economic climate should prove to be … Read More

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