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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (110679)	7/20/2021 11:17:22 PM
From: Goose94	Read Replies (1) of 203329

Gold: John Williams, who calculates the inflation rate using methodology the U.S. government used in the 1980s before revisions, estimated that the current rate of inflation is already 13.5 %, much higher than the 5.4% that the Bureau of Labour Statistics reported for June. “What you’re seeing right now in the way of what the Fed’s doing, it’s money creation, and it’s still growing,” Williams said. “The most basic measure [of money creation], what I call M1, is up over 80% from its pre-pandemic level. The Fed’s not about to pull back, they can’t. The system’s not stable. It’s a very difficult and dangerous circumstance.” kitco.com

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