The Inflation Story is Over

If you’re still talking about inflation after all this time you’re retarded.

The issue Americans have isn’t inflation in the traditional sense, but the increase in cost for all things made inside the country, due to the buying power of the dollar lessening. In a sense you could call this ‘inflation’ but the narrative hawks will correct you with recent core inflation data and make you look stupid. If we’re not importing deflation into America, the costs of goods is running hot and has been for decades. Look at the price of homes, inflation, education, healthcare etc. On the contrary, look at the price of mall clothing or electronics: cheaper than the 1980s.

Why is that?

Because in most areas of the 3rd world the average salary is $600. You can see this type of dynamic taking place inside our own country, where people in NY and Cali make more than adjoining states and whenever they decide to sell their homes they run up the prices of wherever they’re migrating to. I see it here in Raleigh and I am sure people in Austin saw it there too.

In terms of investments, there isn’t anything in this tape that suggests input costs are overly prohibitive and we are on the verge of the Fed cutting rates. If you’re thinking about ‘inflation’ and how it’s ruining America, you’re looking at it wrong. It’s the buying power of the dollar and the suppressed cost of goods due to globalization that is the issue. All of the fiat currencies around the world have been shit for a very long time. The only way to look at money and the value of it is to compare it to something stable, like gold, which is +80% against the dollar over the past decade. In many ways Bitcoin is the new digital gold, but has issues with being oversaturated by people trying to get rich quick, whereas gold is now relegated to a boring store of value.