The September 2022, CPI is out and it came in at 8.2%.
Certainly better by 10 Bpnts from Augusts 8.3%, however, that is a 8.2% inflation rate on top of 5.4% inflation September 2021. Combined that is a 13.6% inflation rate over two years.
What is the cause of this inflation you may ask. Bottom-line, it is the excessive spending by our government. Case in point, the EO that forgives student school loans. Then we have our legislative branch approving bills that cost billions of money like the CHIP act and the Inflation Reduction Act.
We have leaders that keep saying that we are not in a recession and inflation is transitory. The cutting of interest rates should have happened in early 2021 and not this year.
How is this all going to end? Keep your eye on the EU and the UK. Heck the UK just had a
'margin call'. Also, their version of Social security crashed last week. And what did the UK Central Bank do...They printed more money to cover part of the margin call.
The next drum beat will be for the USA government to implement 'price controls'. Heck the
UN calls for price controls instead of Central Banks increasing interest rates.
What I see in our short future,
> Increase in interest rates,
> Our Social security pyramid scheme failing,
> The printing of more money by the Treasury,
> Price controls,
> Home sales dropping,
> People with mortgages who's homes value that is less than the mortgage, a margin call,
> Reconstructing of our monetary system that is the Great Reset/Fascist centric,
> Digital money,
> Etcetera.
I think we all could go on an' on.
Stay tuned,
