“Inflation is always and everywhere a monetary phenomenon, so in the long run we are all broke.”
That was obvious, frankly, and I had been ruminating about it for months – last year’s mad spending was one of my key objections to Trump. What’s worse is that the yearling dollars by now number five out of every six: In due course, and assuming ZERO additional inflation, it will turn out that an American dollar is worth one-fifth or less what it was on January 1, 2020.
Buy deep, borrow cheap, plan ahead. Dollar-denominated assets will evaporate but tangible goods will require active defenses.
Welcome to the new age. There is at least some measure of self-defense to be found here among the dawgs: We can help you see what’s coming.
In other news:
CNBC: Homebuyers are the most pessimistic they’ve been in a decade thanks to tight supply, high prices.
Housing Wire: Regulatory costs add nearly $94K to new home prices.
Christopher Rufo: The Wokest Place on Earth: Disney mounts an internal campaign against “white privilege” and organizes racially segregated “affinity groups.”
American Thinker: One way you can start saving American liberty, personally.
Joe Concha: Social media’s ban on Trump: Our ‘silence of the lambs’ moment.
