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Title : Is The U.S. Facing An Inflation Spike Of 20% In The Next Few Years?
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Is The U.S. Facing An Inflation Spike Of 20% In The Next Few Years?

 

Business Insider: Inflation could spike to 20% in the next few years as the US money supply explodes, says Wharton professor Jeremy Siegel 

* Jeremy Siegel said inflation could spike to 20% in the next few years in an interview with CNBC on Friday. 

* The Wharton Professor called Fed chair Jerome Powell the "most dovish chairman" he's ever seen. 

* "I'm predicting here that over the next two, three years we could easily have 20% inflation," Siegel said. 

Wharton professor Jeremy Siegel said inflation could spike to 20% in the next two or three years due to "unprecedented" fiscal and monetary stimulus and an explosion of the US money supply. 

"I'm predicting here that over the next two, three years, we could easily have 20% inflation with this increase in the money supply," Siegel said in a recent interview with CNBC. 

Siegel went on to criticize Fed chair Jerome Powell for not acting to quell inflation in the near term.  

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WNU Editor: I have seen these inflationary conditions more than once in my lifetime, and I know too well the damage that it can do. And the US is not the only country that is going to be hit with this inflation spike. I live in Canada, and I am already seeing real increases in housing, gas/oil, and food by about 10%. 

The solution is to stop printing money, and to raise interest rates. But that will destroy the boom in the housing markets, and it will crater the stock markets. It would also put pressure on pension funds who are dependent on a booming stock market to fund their liabilities. To put it bluntly. This is one of those .... "damn if you do and damn if you don't situations".  

My prediction. The US Federal Reserve and the main stream media have been working together for the past few months to condition the US public for inflation. I am expect them to push this narrative even more forcefully in the coming months, and they will permit a certain level of inflation (5% to 7%) for the rest of this year. They are basically "kicking the can down the road", and there will be little if any comfort to people living from paycheck to paycheck.

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