I agree on both counts, stagflation is here and watch the money supply.
350 billion deficit in August alone.
Something many don't consider is that a weakening dollar is also inflationary, so five major things are causing inflation and the rise in PM's: fear, tariffs, weak dollar, and huge federal debt which is both worrisome and increasing, and the fact the world is working against us to both bring the dollar down and to boycott our exports.
As we all know China has not bought a single soy bean, and many countries are also boycotting them and Wheat, sorghum and other things.
Even apples, and Canada is taking over for wheat.
Both Canada and Mexico are boycotting apples and buying from South America and Europe instead.
There is so much chaos, and commingled variables i.e. events causing a declining dollar which in turn causes inflation, etc, it is hard to figure what is what and where this leads.
Except it is not good for the US e.g. we know Canada and Mexico are working together to exit America where they can.
Here is a video on apples I found interesting to give an idea.
youtube.com |
