EDITOR'S NOTE: George Gammon’s video does an exceptional job in explaining that the government’s and the Fed’s “strong reaction” to the pandemic was actually a major overreaction, essentially screw-up, that’s now having far-reaching consequences. Remember, inflation is a monetary phenomenon, and the Fed printed around 20% of all dollars in existence in 2020 as part of its pandemic response. That was the powder keg. But the match that lit the fuse was none other than the government’s stimulus spending (which, as you know, enabled Americans’ spending of newly-created money). That last bit has backfired, as inflation is “political kryptonite.” And as we approach midterm elections, now’s the worst time to be sitting at the top seat in the Oval Office. So, what’s the solution? The Fed and the government have to “crash the market” willingly to bring prices back down. The problem here is that such a maneuver would also drag Americans’ wealth down with it. It’s a potentially lose-lose scenario if you’re not holding substantial wealth or storing assets like gold and silver that can sidestep the crash in values. Whatever position you decide to take, Gammon’s video is clear, engaging, and actually funny to watch. It’s the most entertaining way for you to learn about the financial firestorm that’s about to engulf you.
Originally posted on Youtube.
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