Is The Fed Losing Control? Is An Inflation Crisis Underway? | Axel Merk (PT1)

Wealthion - Be Financially Resilient · Jul 16, 2021 · 32m

Suddenly, higher prices are everywhere: in food, fuel, housing -- you name it. In fact, the annual Consumer Price Inflation rate (CPI) just spiked to 5.4%, a high not seen since 2008. A growing number of economic observers see these higher prices as the predictable result of the many trillions of new dollars in monetary and fiscal stimulus that world central banks and governments have been issuing in response to last year’s COVID outbreak. We now seem to be at an awkward point where this ongoing stimulus is no longer boosting economic growth much. But it IS still driving prices higher --…