Inflation Watch: The U.S. Has Spent $10 TRILLION in the Last 12 Months

Source: https://www.zerohedge.com/news/2021-04-08/inflation-watch-us-has-spent-10-trillion-last-12-months
Published: Apr 8, 2021
Author: Tyler Durden
Post Date: 2021-04-08 21:58:52 by Horse
Views: 217

by Phoenix Capital Research

Here’s a jaw dropping statistic for you…

If the Biden Administration’s Infrastructure Program is signed into law, the U.S. will have spent nearly $10 TRILLION in a single year.

Yes, Trillion with a “T”

This is:

1) Equal to the GDPs of Japan, Germany and the U.K. combined.

2) More than the U.S. has spent during the last FIVE recessions combined.

3) More than the combined annual wages of all Americans.

That last one really gets me. If you add up all the money earned via wages by Americans in the 12 months, the U.S. Government has spent more money than that!

And finally, the ultimate jaw dropper…

The U.S. government will have spent an amount roughly equal to 50% of its GDP… in a single year.

And it’s going to unleash an inflationary storm.

Gold figured this out first, roaring to new all-time highs.

Then copper broke out.

And now it’s oil’s turn.

Indeed, the entire commodity complex has just ended a 15 years bear market.

The writing is clearly on the wall. Big Inflation is coming. And the Fed is not going to do anything to stop it.

In fact, the Fed has already stated explicitly that it has no plans to raise rates or taper its QE program until 2023!

Which means, inflation will rage out of control…

Many investors will get taken to the cleaners.


Poster Comment:

This was an ad. Charts at source. Food also going up.

Post Comment   Private Reply

#1: noone222    To: Horse (#0)

Make what you will of this video. There's no question we are experiencing some outlandish behavior by people and agencies that is beyond insane. Their activities break the boundaries of logic based upon our common experience because we aren't privy to information available to the elite rulers on earth.

noone222 posted on 2021-04-09 06:47:04   Reply   Private Reply


#2: Darkwing    To: Horse (#0)

Past 12 months: Trump was in office 8 of those months. BTW: I do not like any of them

Darkwing posted on 2021-04-09 08:01:29   Reply   Private Reply


#3: Lod    To: Horse (#0)

Actually, they haven't "spent" anything.

The fiat $$$ is all charged to our collective debt.

You cannot spend what you do not own.

Lod posted on 2021-04-09 08:45:46   Reply   Private Reply


#4: DWornock    To: Horse (#0)

Gold figured this out first, roaring to new all-time highs.

Not really. Since Biden was elected gold is down almost$250 and silver is down almost $5.

DWornock posted on 2021-04-09 09:51:49   Reply   Private Reply


#5: NeoconsNailed    To: Horse (#0)

More than twice the 2019 federal budget as I understand it. What astounds me is that nobody seems to look at it that way. Shouldn't we have revolted the first time they ever said trillion with a T?

NeoconsNailed posted on 2021-04-09 11:22:05   Reply   Private Reply


#6: Pinguinite    To: DWornock, Lod (#4)

Not really. Since Biden was elected gold is down almost$250 and silver is down almost $5.

I'm showing since early Nov, silver has gone from about $25 to a high near $30 in early Fed, and is now back around $25. Certainly it's being manipulated. But gold has certainly pulled back strongly, about $250.

Bitcoin, on the other hand, has gone up about 500% since early November, starting around $10k and seems to be happy in the high $50k range, holding it well.

Pinguinite posted on 2021-04-09 11:44:31   Reply   Private Reply


#7: DWornock    To: Pinguinite (#6)

I thought about buying Bitcoin when it was $1. However, I guess doesn't matter much that I didn't because when Bitcoin doubled, I would have sold them.

Certainly something is going on in silver. Otherwise, there is no way to explain why the premiums on 1 ounce rounds are about $5 instead of $1. When silver was $6 per ounce, the premiums on 1 ounce rounds were 50 cents. You would think, people would buy silver futures and take delivery but most brokers do not allow their customers to take delivery.

DWornock posted on 2021-04-10 00:23:31   Reply   Private Reply


#8: Esso    To: DWornock, Pinguinite, 4um (#7)

Certainly something is going on in silver. Otherwise, there is no way to explain why the premiums on 1 ounce rounds are about $5 instead of $1. When silver was $6 per ounce, the premiums on 1 ounce rounds were 50 cents.

I went heavy into silver ~2009-2010. my cost was $9/oz rd Canadian. After looking at Apmex, TexMetals, etc, I'm seeing premiums $8-15. It's crazy. 2009 Canadian Maples were going for 40+ last week, while 2010 maples were about $3 less. That was strange, my lawn-boy (45) thought so also. (I pay him 1oz/hr. I get a lot for $18 my cost, don't lose the premium spiff selling, we both make out like raped apes. I am a little short of liquid cash of late thanks to a brief stay in the hospital, thanks to O'boingo.

Crazy shit going on in metals. I have no idea what the local dealers are offering, Jon told me Mr. Wimp's closed not long ago. My maternal grandfather was a coin collector and dealt with Wimp for years on Wells St. Wimp eventually moved into an abandoned bank branch on W. State (makes sense if the(y) left the Richmond and Lackett safe). They're gone now.

This big-ass inflation sure doesn't seem to be showing up in the metals market, but the premiums tell another story. I'm seeing Au prems $100-160/oz. (Edit) Pretty much makes it unprofitable from the git.

(Edit) Neil, I really got scared away from bitcoin etc, when Merril Lynch and Goldman Sachs got involved. I smell a trap. Been wrong before.

Esso posted on 2021-04-10 00:56:49   Reply   Private Reply


#9: Pinguinite    To: DWornock (#7)

Certainly something is going on in silver.

Mike Maloney pointed out that silver is the cheapest commodity on the market right now, as measured in prices historical. To wit, silver is at half the high dollar price it hit 41 years ago.

Pinguinite posted on 2021-04-10 03:32:42   Reply   Private Reply


#10: Pinguinite    To: Esso, Lod (#8)

Neil, I really got scared away from bitcoin etc, when Merril Lynch and Goldman Sachs got involved. I smell a trap. Been wrong before.

I see the decentralization of bitcoin, in addition to there being no paper bitcoin market as there are paper silver and gold markets as assurance that big players can't do to bitcoin what they do to metals. It's not out of the realm of possibility that they could one day manipulate the price of BTC with futures markets and such, but I don't see they have that capability at the present time.

I honestly see crypto as the biggest credible threat to central banks and general tyranny that I've ever seen in my lifetime. As Rothchild is reputed to have said, "give me control of a nations currency...".

Crypto takes away that power and gives it back to the people. That's what I see.

Pinguinite posted on 2021-04-10 03:37:51   Reply   Private Reply


#11: Esso    To: Pinguinite (#9)

Mike Maloney pointed out that silver is the cheapest commodity on the market right now, as measured in prices historical. To wit, silver is at half the high dollar price it hit 41 years ago.

Right, maybe the pretend "market price". When me and Jon (my lawn Ld. Cmdr. were looking at that last Friday, spot price was about $25, but "hold-in-your-hand" price (Apmex, TxMtls) was close to $40.

Esso posted on 2021-04-10 04:14:54   Reply   Private Reply


#12: Lod    To: Esso, Ag bugs, 4um (#11)

not quite as pretty as the lakota silver round, imo, but provident is a good company and their pricing is fair

www.providentmetals.com/1-oz-silver-buffalo-round.html

Lod posted on 2021-04-10 10:49:00   Reply   Private Reply