Headline inflation is now at 4.2%, the highest reading since 2008. Steve Hanke, professor of applied economics at Johns Hopkins University, said that this is a ‘harbinger’ of even more inflation.
Hanke told David Lin, anchor for Kitco News, that inflation could run as high as 5% by the end of next year.
0:00 – 4.2% headline CPI…what’s next?
4:15 – Golden growth rate of money supply
6:36 – Money velocity
7:50 – Fed’s next steps?
9:50 – Record deficit
13:00 – Is deflation a threat?
14:06 – End to “Biden’s triumphant march”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
Follow us on social media:
Facebook –
Twitter –
StockTwits –
Live gold price and charts:
Live silver price and charts:
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
source
35 Comments
She is the doe?
The world has a huge amount of debt and much of the debt is denominated in U.S. dollars. By devaluing the U.S. dollar the debt becomes much easier to service or pay back. The U.S. dollar will be devalued by 50% using inflation in order to alleviate the world's debt crisis.
Food and clothing are the main inflation drivers, if your income doesn't keep up you are poorer !
MMT is here and you're gonna learn to like it, or you'll be "educated" to like it. There's a reson Billionaires are fleeing the dollar. Fixed income people are going to be DEVOURED.
I don't understand. Japan's M1, M2 and M3 have all been rising rapidly for decades. Why does he says the opposite?
Lol.. Fed now declares, annual inflation target to 10%
Lol shocked they have to publish that number.. good thing we can print more money
It's always the money supply ,,Stupid ?!!
One thing Hanke said about Bill Clinton was a joke. The Gingrich Contract with America plan tied Clinton's hands. Clinton's last two years in office were nothing but damage control to avoid impeachment. We were better in the 90s despite Clinton is a better description. Democrats are never serious about governing. They like the fame and power and pursue a few pet demagogue goals to keep their idiot voters behind them. Nothing more.
A 10% of GDP fiscal deficit means the debt doubles in seven years. The Bolsheviks in the Administration won't change one bit. Obama did not mention debt or deficit in eight years while he doubled the National debt. Now, Joebama is on the same path. While they pursue their social justice agenda, and non existent green jobs as well as funding terrorism in the middle east Rome burns. I can't say that I care anymore.
David is a great interviewer!
US is not comparable with Japan: yes Japan has huge deficit; but happen has tremendous assets outside Japan; and its citizens are well educated, civic to each other, and well respected by other cuntires.
Is Powell going Woke?
Wake up people, are you all high on weed?
The Chapwood Index has been over 10% last year, we more than likely see inflation well north of 25%.
I know…let’s have Biden reverse more of Trumps financial policies. I just know Biden can crash this economy faster than he is now!
Just as Trump predicted!!! Wake up people. Your votes have consequences!
I would buy that t-shirt !
13:47 superb!
"It's the money supply, stupid" 😀 😀 Excellent! Of course it is. It's basic economy that so many don't understand.
Professor Hanke is Correct , Buy Commodities .
Looking at all the signs its amazing to know we're actually living through it. FIAT money will fail and commodity backup will rule. Cheers America. Enjoy your WOKE moment. ….for now.
Lol gotta have the standard bookshelf as the backdrop.
Lol lol never seen so many bookshelves in my life since Covid or since people figured Bookshelves were the way to go. Lol lol lol
They already opt out
Just remember guys, if McDonald's no longer has a dollar menu. We have a problem!
More talk and talk. Nothing will happen, so stop the hype machine already please!
I think Steve looks like Dustin Hoffman.
Inflation takes money from the poor and gives it to the rich
Very good interview David !!! Short, clear and lots of facts.
Kitco: David has been an excellent addition.
Can someone explain why Japan has a huge fiscal deficit but has not MONETIZED it's deficit? Is it because the deficit was financed by foreign or domestic purchases of it's bonds instead of the central bank buying the bonds?
David, maybe you could find something out from Hanke when you interview him again. His computation for inflation does not distinguish between asset inflation and price inflation of good and serviced. He says that the Fed is monetizing al
Has been that way for well over a year. Goes to show how out of touch the CPI are if they're only catching up now.
Very good interview….
See it in Germany, we know a lot about inflation.
Peter schiff approved analysis 👌
Which President signed the 6.2 Trillion $ Cares Act which incentivized Hospitals to Further the Covid Farce ? Biden or Trump ?