Lies, Lies, Lies!

The Fed is at it again… July 16, 2021 UNSUBSCRIBE | ARCHIVES Lies, Lies, Lies! External Advertisement Who Did Teeka Just Hire? He’s been featured in Forbes, Business Insider, and Fox News. VICE Magazine calls him “Brilliant.” Playboy Magazine calls him “The man who wants to change the world.” He’s a former Wall Street executive. And today… He wants to work for you. He’s the newest addition to Palm Beach Research Group. And he’s joining Teeka Tiwari to give you a chance at 100 years of stock market gains in the next 18 months… To learn more about this opportunity—and to see this man’s big introduction… Click Here. Dear Money & Crisis Reader, Fed Chair Jerome Powell told some real whoppers as far as inflation was concerned during his testimony to Congress this week. Some of the more egregious and revealing statements: The Fed should look at current higher inflation as temporary unless it persists year after year By inflation, we mean year after year prices go up. Housing is an asset; price rises there are NOT inflation. Unless we think there's going to be a multi-year shortage of used cars in the United States, we should look at [inflation] as temporary.” Let’s dissect each of these detestable lies. Powell’s first two claims (that inflation is merely due to prices rising year-over-year) are related to a common theme in the financial media today. That theme is the “base effect” argument, which claims that inflation only appears to be “up” based on where the data was a year ago, NOT based on real inflation. And it’s 100% nonsense. Trump's Final Gift To America There’s a little-known way Trump could – one day – have his revenge. It involves a Federal Ruling he oversaw in the final year of his Presidency that could change America forever… unleash an estimated $15.1 trillion in new wealth… and create countless ways for everyday Americans to benefit. What is this little understood decision? And how will it impact you? All the important facts are here. Here’s a five-year chart for agricultural commodities. Sure, they’re up over 40% from last year… But they’re also up 20% from where they were three, four, even five years ago! This is NOT a “year-over-year” base effect inflationary move. Here’s a five-year chart of industrial metals: Here’s a five-year chart for housing: Indeed, the only way you could argue that inflation hasn’t appeared in most assets is by: 1) Focusing on the few asset prices that have collapsed (oil/energy). 2) Focusing on commodity measures that are heavily weighted in energy/oil. 3) Using CPI or other inflation measures that don’t count housing or other primary costs of living. The people claiming inflation isn’t real, but simply appears bad because 2020 was so terrible, are using one or more of the above tricks to justify their absurd rationale. Talk to anyone who is running a real business and they’ll tell you costs are through the roof in REAL terms. Indeed, as I write this, 48% of small businesses plan on raising prices. This is a 40-year high. Which brings us to the single most important statement from Fed Chair Powell’s testimony and Q&A session yesterday: “Even if higher inflation persists, I expect the Fed will NOT act quickly.” So… after months of arguing that inflation is transitory, Fed Chair Powell is now admitting that even if it ISN’T, the Fed won’t respond quickly. So much for the rate hikes and tapering the Fed suggested was coming! Throw in the $3-plus trillion infrastructure bill that Congress is looking to pass (most of which is just handouts to donors and lobbyists), and we’ve got the potential for a real inflationary storm. Is There an Opportunity in All These Lies? More and more it seems that Fed Chair Powell isn't simply in denial about the inflation that’s ravaging the economy like a cancer, but rather he's just lying. The evidence of hot inflation is obvious to anyone willing to look at it objectively. There could be a remarkable opportunity in this. Despite all the evidence screaming inflation, gold and silver are performing remarkably POORLY these days. And this might actually be a GOOD thing for investors. I believe this current weakness is the result of two factors: 1) a range-bound U.S. Dollar as well as 2) the Fed's manipulating Treasury yields. But I also believe, market forces will eventually win out, and that precious metals will be a major buy again in the coming months. If you’d like to take the opportunity this current weakness offers to add gold or silver bullion to your portfolio, I’d like to recommend our partners at Hard Assets Alliance. They can buy, sell, and store your bullion for you. But even better than all that, they have a program that lets you accumulate positions in gold or silver on autopilot. (And the “dollar cost averaging” power this program gives you, means no more worrying whether gold or silver are ready to bottom.) It’s one of the most unique programs I’ve ever seen. It’s called Metalstream and you can get more information or open an account here… (Full disclosure: We are part owners of Hard Assets Alliance.) Best Regards, Graham Summers Editor, Money & Crisis How Would You Prefer to Make Money in 2021? Biden’s record-breaking $6 trillion budget proposes to pump more government money into the U.S. economy than at any time since World War II. Will you be ready to grab some of it as it flows down? If you’ve ever dreamed of kissing that job you hate goodbye – or earning a great side income – there has never been a better time. Big societal shifts during the past year mean big opportunities abound. But only to those in the know. And here’s what you need to know. To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, feel free to click here. 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