from Dollar Collapse
From Jay Taylor’s Gold, Energy, and Tech Stocks newsletter:
If there was one word that caught the mainstream market off guard in 2021 it was “inflation.” My Inflation-Deflation Index finished near the high for the year at 190.34.
[…] But of course when the word inflation is mentioned most people think of the CPI. More from an Austrian economic perspective, I view the massive rise in stocks and bonds as a major component of inflation that is ignored by the mainstream. But it is at the heart of the massive redistribution of wealth from the middle class to the elite, and Nancy Pelosi absolutely loves the ability to use insider information to get rich. Based on a Periodic Transaction Report that members of Congress are required to file, she has purchased millions in call options in Google, Micron, Roblox, Salesforce, and Disney.