Forever and a day all the American public heard is that inflation is “transitory” from the Bubblevisions, banksters, and Fed Chair Jay Powell.
For once, I agree with them. It’s transitory all right, transitioning into a taste of hyperinflation with rapid changes in price creating an almost Venezuelan style nightmare leading to the US becoming “Weimerica” which I wrote about 15 years ago.
Thus I present one chart, which should terrify any rational person, that demonstrates the American economy is doomed in the third and forth quarter.
If you think it is bad now, wait until the dollar finally crashes and burns.