When you do not know who to blame....

.....blame the Fed.

They are helpless and they know it. They are just trying to justify their inflated role with pomposity.

As I will show in my next issue (I "borrowed" the concept from a very smart money manager-Dr. Hussman), inflation is closely related to government spending.

The Fed's job is just to print enough money to keep the banking system solvent. No more. No less.

We needed a god of finance. And we created it.

More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977