So, for today's episode of that was a really bad take fed chair powell says it's very, very unlikely. The u.s will see 1970s style inflation. This was published on june 22nd of 2021 well fast forward to today. March 10 of 2022.

Inflation rose 7.9 in february. What what do that's? That's a four decade, high level of inflation and then we're getting other reports out of europe that they're not seeing this slow down anytime soon, they're saying we think in the near term, things are going higher and higher and higher. So, like i said, i'm going to dedicate this to anyone out there who likes buying things, because i don't know how much that little habit might be around any any longer. I mean, especially in the food meat, poultry, fish and eggs up 13 year over year.

Not really showing signs of slowing down all right. Let's take a look at really the market here and i do want to explain a little bit more of these exact numbers: uh, not the ecb. Yet so, let's go back to this 1970s style inflation type of a thing here are the numbers you need to know, and once again this is all posted on locals. In case you can't hang out in all the streams macros at locals are comments in the description, but anyway month over month, the consumer price index how expensive it is for you to buy things over the past month.

It's a point: eight percent year-over-year up 7.9. If you're talking about core cpi you're taking out food and energy, it was up 0.5 month over month and year over year, it's up 6.4. If you want to just talk about energy itself, up 3.5 percent. If you want to talk about food, that's up 1, but once again meat, poultry, fish and eggs kind of not really considered core food, but i call it core food up 13.

On top of all of this jobless claims actually increased by 11 000.. So this is all nuts and we're really not talking about remember these are all the february numbers we're not talking about the recent insanity. I mean things were crazy in february, yes, oil was getting higher, but if you look at the run-up in energy here, this pretty much all thus far occurred. In march, like we're, i mean february, we were trading at 96, we're at 113 and we hit 130.

today. Unfortunately, once again we hit a high in the us of average gasoline price per gallon of four dollars and 32 cents, and things like i said, they're not showing any signs of slowing down. This is very, very important to know because you just have to position yourself properly um, when you see these types of things and we're getting a crazy amount of volatility, that's actually money making opportunities like you need volatility to make more money. I just want everyone to be well aware of, what's going on and there's a very, very good chance that this is the reported number and if there's this, we can go on a whole like divergent talk about it of when you're getting these types of inflation reports.

There's a good chance that it's being under reported um. I would in no way be surprised for the average american, if quote unquote. Real inflation is in excess of 10 and i'm sure a lot of you looking at your bills and your income and all that you're, probably like yeah man, it's probably more than 10. But it's one of these things that you very much have to pick your poison.

The poison is, one option, is inflation? Another option is recession uh, it's not a good scenario, and this is what happens when you go from a global pandemic, that mess up all supply chains and mess up the job market and then you're rolling that right into a scenario where there's hesitation about looking world War: three in the face: it's the macro economic backdrop, very much pushed us where we're going right now - and this is just crazy. It's where we've been going we're on a runaway train, and it's one of these things that, yes, hindsight is 20 20, and you can look back at the monetary policy that we've had to try to battle this, and i'm i'm right there with you. I i think, obviously, these types of comments june 2022 - we're not going to see that it's transitory um did. They believe that maybe did they know what was actually worse and they just didn't want to like truly inform the public of their like deep deeply held actual thoughts.

I don't know what it is all i know is. It seems that not only within the us, but on a global scale. The way that this has been handled from a monetary policy standpoint has been absolutely piss poor and it, like, i said it's across the world european central bank. The ecb holds interest rates steady as russian ukraine.

Conflict fuels, stagflation fears, so this is getting even worse for them over there. If you're in europe right now, they're not even attempting to battle it. Thus far, the ecb, the european central bank, came out today in december in the years 2022 2023 2024 respectively. They were looking at a growth of 4.2, 2.9 and 1.6 for 2022, 2023 and 2024..

Now, on the back of this news, they're actually lowering those 2022 2023. 2024 they've gone from 4.2 to 3.7 2.9 to 2.8 and then in line 1.6 to 1.6, so they're actually calling out basically the fact that they are lowering it from december till now, they're like it's actually a worse situation and they're, probably right on that. But all these estimates they also came out, i believe the president of the ecb, she came out and she was saying in the near term inflation. She was just straight upset: inflation is getting higher uh.

She said near term we're going higher in the u.s side of things they're like yeah. We think we'll hit the high water mark of inflation within this year. They didn't say early in this year. They just said in this year.

I don't think this number of 7.9, like it's always higher than expected, has people noticed this like if you're, looking technically with economist their this report was in line, but i'm saying overall just in general of like the world saying: okay, it's higher than expected higher than Expected higher, like we just keep going up it's for a year now, we've hired higher than expected inflation. This is just nuts and i just don't understand. What's the point of having all those fancy, schmancy pedigrees on your wall and economics, and all these fancy phds and a room of people and like expensive, expensive suits, who are allegedly big, wrinkled brains like? How did we get here? What is going on? Isn't that what their job is to do is to make sure we don't get here? I don't understand this situation of the economy and devolving into a situation where we have to pick between inflation, which could lead to hyper inflation, which could lead to stagflation and, on the other hand, we have to the other way to fight that. I suppose there's a recession, what i mean if those people are getting paid to do a bad job hire me i'll, take more paychecks.

If you need someone to fumble the ball that bad i'm free. If you need someone to make bad decisions for you, i will send my resume. You could pay me less. Let's do this thing.

I thought when you were hired into a position like that you were hired in to do it. Well, you were hired in to do executed on it, like professionally and with acumen and with shrewdness, but if you're just looking for a ding-dong to make bad decisions dude, i am free. You want me to do something i'll print money. I won't print money, i'll freaking we'll go into doge.

I don't care like if you need a bad decision. I am your guy government. This is my official video resume hire me. I don't know who what position? Even the ecb, i don't even have to stay in the u.s, the ecb, if you're looking for a new one, i'm your guy like hire me i'll, be the chairman, the president.

Let's do this thing come on! You.