Chris Martenson: Alert! Inflation & Shortages at Critical Levels

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.

Links:

Fed Balance sheet https://fred.stlouisfed.org/series/WALCL

Chips & Farming https://hoosieragtoday.com/commentary...

Chips & Cars https://www-statista-com.proxy.librar...

Pentobarbitol shortage https://news.vin.com/default.aspx?pid...

Copper https://www.marketwatch.com/story/the...

Transitory Inflation https://www.marketwatch.com/story/fun...

Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris' latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.