by Stewart Thomson
1. The “I” word is… inflation. If a serious inflation cycle is beginning, a lot is going to change for the fiat-oriented citizens of the United States, and not in a good way.
2. Please click here now. Legendary investor, economist, and money manager Mohamed El-Erian is horrified by the US central bank’s relentless “We know it’s transitory!” inflation narrative.
3. He believes that the Fed needs to act sooner rather than later to stop inflationary winds from becoming a hurricane.
4. My view is quite different. In my professional opinion, the Fed doesn’t need to do anything… because the Fed needs to be shut down. Private enterprise doesn’t need the “Financial Markets Welfare Office” that the Fed has become.