When There’s Too Much Money, There’s Never Enough Stuff

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by Peter Schiff of Peter Schiff Podcast

Take the #CPI numbers with a grain of salt.
The CPI will catch up to the PPI.
Fed’s new definition of transitory means a permanent reduction in standard of living.
The problem isn’t a shortage of stuff, it’s an excess of money.
Inflation is always and everywhere a monetary phenomenon.
Consumers are expecting higher prices.
Gold stocks mark potential turning point.
Inflation will pay for government spending, middle class will pay for #inflation.
Hedge funds buy preferential #tax treatment from politicians.

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