I have been predicting massive inflation since the Great Recession of 2008.
Still no sign of it.
One thing I have noticed...
I’m a great food shopper. I wait for great sales and then buy as much as I can carry or store in my little studio apartment.
Great grocery sales have completely vanished in the Seattle suburbs.
My monthly food bill is almost twice as much as I was paying in 2019, and my former stockpile of months of food has dwindled down to a couple weeks.
QE 1-4 allowed Obama to print one percent of the money supply every month in concert with worldwide banks.
Because the $atanic Banking-Insurance Uniparty is attempting the forced WorkCamp with no O-BodyMortgage Care to rely on. Force the ignorant into Mac/Walmart jobs.
I have been on record that we have been in a massive deflation since the early 1990s. You see that in the fact that virtually no commodity prices have risen significantly—gold shot up a little, but since the 1980s, owning gold would have been a loser.
The reason for the deflation, which I think we are still in, is a) China exports deflation in the form of lower prices and slave labor. It is nearly impossible to raise prices on goods and services if a major economic competitor is constantly undercutting them; b) the computer revolution. Despite what Gordon says in his new book “The Rise And Fall of American Economic Growth,” we have NOT BEGUN to “price in” the impact of computers on everything from cars to phones to houses. We are still playing catchup. Thus, more deflation is more likely than inflation. And the Fed’s QE1,2,3 aren’t making a dent in the deflation.
“My monthly food bill is almost twice as much as I was paying in 2019”
Just that alone should tell most people that there is a major supply & logistics problem.
My steaks that usually cost $18-$23 are now in the $40 range.