There Goes The Economy! US Producer Prices Approach Deflation With 0.1% Annual Rise (US Dollar Down -8.2% Since Sept ’22 As Fed Tightens The Noose) Silver UP >2% Today!

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by confoundedinterest17

There goes the economy!

As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June.

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Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going green at all costs, is running out of steam. M2 Money growth was last measured to be -4% YoY and the US Dollar is down -8.2% since September 2022.

See also  I'm starting a new business and we're only going to buy Bitcoins. We'll be massively leveraged to a worthless asset. And number one in Nasdaq dollar volume. Day after day.

The good news? Silver is up over 2% today!

And Bitcoin is up almost a percent today.

Speaking of the Biden White House ….


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