The TRUTH About Inflation & The CRASH To Come!

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news that inflation in the United States reached an 6 year high.
Breaking down this news, we take a trip through the past, present and future of inflation, why it happens and what can be done.
Inflation is a hidden tax and it’s an absolute scourge. One of the greatest reasons we see such vast poverty today is due to inflation. The purchasing power of fiat currency falls like a rock as vast printing, quantitative easing and fractional reserve lending lead to vast debt and devaluation.
This results in our food going up in value alongside everything else.
Currently the official numbers show the U.S. has an inflation rate of about 2.9%. This is incorrect when you look at the shadow stats by John Williams assessing the 1980s charts which show inflation is closer to about 10% in the United States. Talk about a jump.

We look at inflation and currency devaluation throughout history. For example, the Weimar Republic’s hyperinflation, Zimbabwe’s homeless trillionaires, Argentina’s obsession with printing currency, South Sudan, Suriname, Croatia and of course Venezuela who is dealing with a massive crisis as we speak.

Then we look at the present situation and with that lead into the future of this racket. The centrally planned cashless society. It’s a desperation move as the Federal Reserve attempts to pull interest rates up so they can drop them out without going negative, but it won’t work. Between 2008 and 2012, the Fed dropped interest rates 5.5%. That simply put off the crash. It didn’t fix anything. Now the weight is even heavier on our shoulders, interest rates will have to go negative like Sweden which played right into their cashless system.
If your money’s in the bank, it’s not yours, it’s the bank’s and if your money’s always going through the banks via digital transactions and legal tender laws, it’s NEVER your money and it’s ALWAYS the bank’s. That makes you a puppet of the banking and governmental system.
There appears to be a massive attempt out of Sweden, China and India to be the test grounds for the global centrally planned cashless society where one cannot stop a bank run, a bail-in, surveillance, etc. But of course a great part of value is scarcity and by creating vast currency at an endless rate, you lose scarcity, so you lose demand and you end up with a worthless currency.
Cryptocurrencies on the other hand when fundamentally useful stand to be a solution to this madness. Scarcity, application use and demand are what makes silver and gold so useful as wealth insurance. The same goes for Bitcoin as a new revolutionary way to free individuals from the central banking system. We go into many solutions for free individuals.

Remember, all fiat currencies eventually revert to their true value of zero, they always have, they always will going back to 1024AD in China. This time will be no different. Though, the fundamentals are off the table due to the level of manipulation in the monetary system and the markets, so one cannot put a date on it, we just know it will happen and for that reason it’s better people are overprepared than underprepared. History has taught us that this system of collectivist centralization will revolve in circles for eternity as long as we do not understand it. So either you as an individual should learn to control your money, or your money will control you. This is why we need to hand it to individual demand on the free market. Competing currencies. No more fiat.

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