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Manage episode 295083372 series 21002
By Peak Prosperity and Peak Prosperity - Chris Martenson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The impacts to the average person from COVID will be dwarfed by the looming economic issues of inflation and shortages. As your information scout, Dr. Chris Martenson will explain what inflation really is (so you can be smarter at parties) and explain where it really comes from. Importantly, the Federal Reserve’s claim that inflation will be “transitory” is almost certainly wrong. Inflation is rising — caused by printing too much money — and will both exacerbate and be exacerbated by shortages. Finally, in a global just-in-time economy, a missing critical raw or intermediate good can completely derail downstream manufacturing and delivery. But those can be solved for rather easily. Much more difficult are several missing components that potentially feed back into other critical manufacturing areas so that none can get going. At least not quickly or easily. Against this backdrop, the government continues to spend at record levels, creating record deficits, and the central banks continue to print and print and print. All they can show for their efforts, for sure, is a record wealth gap between the ultra-wealthy and everyone else. And that’s not good either. Click for Part 2 and Discussion: https://www.peakprosperity.com/responding-to-the-alert/