Incrementum's Ron Stoeferle has just published some very interesting charts on KingWorldNews this morning that should be of interest to everyone. He shows that it took more than 10 years to tame the wild inflation of the 1970s that eventually led to double digit interest rates by 1980. The 1970s saw 129 months of consecutive inflation above 3%.
Stoeferle points out that we've only had 23 consecutive months of inflation above 3% and to be ready as there's lots more inflation to come. Even though this adds up to less than 2 years, it is nevertheless the highest inflation phase in 30 years! He also warns that the recent round of mass layoffs are only set to get worse and 'will be the norm for a long time'.
That's quite a foreboding statement. Stoeferle then goes on to point out the massive central bank gold buying spree in 2022 and into 2023 as being the most aggressive gold buying spree in history, having surpassed 1,000 tonnes in 2022. The headline above the chart proving this states, 'Central bank gold purchases are at an all-time high because they know more inflation is on the way'.
Gold is very near the all-time high against the USD. Just last week, Australians woke up to find that gold priced in Aussie dollars had hit a record high. I'm sure there were a few other currencies too that suffered in the same way but didn't make the news (re. Pakistan).
The graphs in Stoeferle's article are excellent. I recommend checking out this article as it provides some solid information. Solid info like this will help guide us through the financial crisis that is unfolding. The FED raised another quarter point yesterday, in spite of the recent bank failures. Some of the most financially literate people on the planet, such as Robert Kiyosaki are warning that an unprecedented crash is coming. Better to be prepared now than sorry later.
On another note, silver touched $23 overnight and into the morning. I've stated before that if you're looking for an inflation buster, silver is KING!
If it took more than a decade to tame the inflation of the 1970s, how long will it take to reign in the present inflationary environment? Those that created the problem will come forth to say they have the solution. Whatever you do, don't buy it. The only thing you should buy right now is silver and gold... and food of course!
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Also, check out my latest post on Substack to find out how you can show your support by buying a 2019 Reverse Proof Privy pure silver Canadian Maple coin on my Ebay channel. Just click the photo below or click here, 'Big Corporations Buying Out Entire Neighborhoods' for more information.
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