I sent my friend Sidewalk Sam in East Texas, an email showing that others are now predicting inflation just as I am. He thought the content was so on target, he suggested my posting the text of that email because it is so on target. So, here it is.
I can’t convince people of how simple this is. The truth is not used in politics. It isn’t used in the media either.
It is one thing to entertain this intellectually. Acting on the basis that politics is all lies is harder to do. That is the difference between knowing and understanding. and experiencing.
Anything said in the media today reflects the agenda of those who control the media.
First , it is “let’s all fear deflation”. That went on for years. Now, it is all “we must fear inflation”. That means buy now before the price goes up even more. All of that is agenda driven. None of these people can predict anything. Check their track records.
Their fear of deflation is real. Deflation works against them but helps everyone else.. Their fear of deflation is well founded. So, when a downturn, which is deflationary, is in the offing, they are even more scared of deflation. Therefore the inflation creating becomes elevated.
This has nothing to do with knowledge about economics. It comes down to figuring out what a bunch of liars are going to do next.