Discussion: Inflation
Last July, we discussed the Inflation Prophecies which you can read here as a refresher. Then more recently, our discussion of the National Debt delved into the “what if” of if the US ever lost its place as the reserve and settlement currency of the world, and how that could lead to even hyper-inflation. As we talked about, China and Iran are already making inroads to settling oil and energy products outside of the USD, including the US Fed wire / SWIFT banking system.
Just today Janet Yellen hinted that the Fed may need to raise interest rates in the medium term. Jamie Dimon, the CEO of the largest US bank JPM also said inflation is here but “everyone should enjoy it”. Warren Buffet also said inflation is more than expected. This is news. Reason being – stimulus spending and asset purchases through loose monetary policy, aka more debt.
The Fed and Jerome Powell have also raised their inflation target to above 2% rather than traditional measures of keeping inflation below 2%.
The spigot of government spending and Fed backed lending that is now wide open through the various Fed lending windows, to banks, corporations, municipalities. This in turn has led to massive increase in asset purchases such as housing, land, stocks, commodities, land, gold, precious metals and yes – Bitcoin.
Third Seal: Scarcity on Earth
When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.”
Revelation 6:5-6
So, what to do? That will be the nature of our discussion. How the “Storehouse” alternative banking and currency strategies can respond to these issues.
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