Over the last few weeks, we’ve shared the following:

1. If you add up all of the money the U.S. has ever printed…over 40% of it was printed in 2020 alone.
2. In three months in 2020, the U.S. increased its deficit by more than it had during the past five recessions combined (’73, ’75, ’82, early ‘90s and Great Financial Crisis of 2008).
3. Under Jerome Powell, the Fed bought more Treasuries in SIX WEEKS than it did in 10 yearsunder Ben Bernanke and Janet Yellen.
4. Agricultural commodities prices are up nearly 40% since August.
5. The Commodity Research Bureau’s Index is up 75% since April.

These items alone are terrifying… and unfortunately for the world, there are a slew of new ones to add to the list.

• Copper traded over $8,900 per tonne last week, hitting a 10-year high.
• That same week, nickel traded a $18,534 per tonne, a six-year high.
• Lumber cleared $1,000 per 1,000 board feet, for the first time in history.

Yet Despite All This Data…

…the Fed claims that there are no signs of inflation!

Last week NY Fed President John Williams told CNBC that rising prices are due to “optimism” about the growing economy. He also claimed that inflation expectations are rising, but that he sees no evidence that asset prices are “out of control.”

So the financial system is SCREAMING that inflation is already running hot, and the Fed is asleep at the wheel.

It's only going to get worse.

As I keep stating, once inflation appears in the financial system, the only thing that can stop it is if the Fed begins to tighten monetary conditions much as Paul Volcker did in the late '70s early '80s.

Well, the Fed continues to print $120 billion-plus every single month… and has announced it won’t raise rates for another TWO YEARS!

Two years — as in 2022 to 2023.

Put another way, the Fed is going to be printing another $2.8 trillion ($1.4 trillion per year for two years) going forward. Between this and the Biden administration’s $1.9 trillion stimulus program, $2 trillion infrastructure program, and $1.7 trillion climate change program, we’re talking about roughly $7 TRILLION being printed in the next two years’ time.

$7 trillion… an amount equal to 33% of U.S. GDP.

The coming inflation is going to ANNIHILATE most investors' portfolios if they don’t take steps to prepare.

One of the surest defenses against skyrocketing inflation is to hold hard assets — like precious metals — as a portion of your portfolio. And not only do precious metals provide protection, they can also enhance the performance of your portfolio. (See for yourself.)

One of our partner companies, Hard Assets Alliance, makes it super-easy to buy and sell REAL precious metals. Check them out here before the Fed cranks up its printing press again.

Best Regards,

Graham Summers
Editor, Money & Crisis