20 min listen
'Nobody's mentioning the 800-pound gorilla in the room' - Willem Middlekoop on inflation naysayers
'Nobody's mentioning the 800-pound gorilla in the room' - Willem Middlekoop on inflation naysayers
ratings:
Length:
9 minutes
Released:
Nov 15, 2021
Format:
Podcast episode
Description
The problem with the "inflation is transitory" argument is that it overlooks the growth in money supply, said Willem Middlekoop, founder of Commodity Discovery Fund. Middlekoop spoke to Kitco on Friday at the Deutsche Goldmesse show in Frankfurt, Germany. The Biden administration and Fed officials have stated that inflationary pressures are transitory based on pent-up demand, supply chain bottlenecks and labor shortages. "Nobody's mentioning the 800-pound gorilla in the room and that's money growth and currency debasement. Almost 25% of all dollars in M2 circulation--that's deposit and physical money--grew by almost 25% in the last 18 months," said Middlekoop. "It's a normal reaction. Everything the government can't print will go up in value."
Released:
Nov 15, 2021
Format:
Podcast episode
Titles in the series (100)
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