/biz/ - Business & Finance

>>26312593

>total money supply ever created has been >printed the last few months
this doesn't mean inflation

Yes it does. Expansion of the money-supply = inflation, and we have had plenty of that. As of October 2020, "The progression of annualised monetary inflation went from under 6% before the Lehman crisis, to 9.6% subsequently until March 2020, and 65% in the thirty weeks since." If you mean "inflation doesn't necessarily mean an increase in prices," yes, we did see a corresponding increase in prices. Increase in M1 money supply from March - November was 32.7% and we had oil +94%, lumber +86%, silver +85%, platinum +60%, copper +51.9% etc. As of today, commodity prices are up 89% since April 2020, which is even higher than the official rate of monetary inflation.

>>26205194

>China could dump their treasuries and peg their currency to gold. They could do all this but they decide not the because right now they are buying every single asset on the face of the earth.

Yes. Most people don't know that China has already accumulated over 40,000 tons of gold in secret. Andrew Maguire informed us a number of months ago that they are now hoarding silver. And they also have an official plan of hoarding commodities of all kinds. China's debts are paid to them in USD, so it benefits them not to dump the dollar--yet. They can keep collecting USD and purchasing commodities at artificially suppressed prices. If gold soared, all other commodities would keep up with it, and they would then have to spend their precious gold reserves to buy commodities, instead the worthless USD which they collect from their debtors. But once they dump the USD, China is immediately the world's superpower, and America devolves into abject poverty.

>>26167913

Cf. Alasdair Macleod: "The progression of annualised monetary inflation from under 6% before the Lehman crisis, to 9.6% subsequently until March this year, and 65% in the thirty weeks since is clear from the chart." You can also see this inflation exactly reflected in the price of food and commodities (zinc, copper, silver, oil, etc.). And we're going to need another 5 trillion in Q. E. soon to get this ten-year yield under control.

Damn that 0.7% inflation. If only we could just get it up to 2%.