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Chris Guenther's avatar

This really hit me. I know this, I have heard this and seen this, but the way Rudy puts it with his spiciness just really hit home: “We can’t raise rates because too much debt!” Gee, how did that happen? Every single government and central bank policy in this era of parasitic financialization has been designed to get everyone into more debt.

"We’re now seemingly in some sort of weird suicide pact with our elites - either keep the status quo going, where the very top are getting more and more, and everyone else less and less, or they’ll shoot the dog!"

These parasitic elites love debt and inflation because they are in the position to take advantage of it and maximize the benefits to themselves, while the lower and middle classes are generally NOT in that position, so they suffer the negative effects from these policies, and in fact are the wealth generators that the elites are skimming off of. Plus the demographics have shifted so that whereas the baby boomers benefitted from the inflationary trends to a large degree, the younger generations are really getting hurt by these trends.

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ams1699's avatar

Welcome back to Twitter, Rudy. You are dangerous..to the elite..'coz you narrate the naked truth..which is why you were probably 'suspended'.

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David's avatar

As always, this substack is some of the best analysis of the BS been fed to us by the mainstream media!

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Steve's avatar

If only Sauron hadn’t invaded the Shire, CPI would still be at 2%

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Bill Pieper's avatar

MSNBC: Rat Poison is actually good for you!

Twitter is just toxic. No redeeming value whatsoever. Most people worth following can be found elsewhere. The one account I cannot find anywhere else is Michael Krieger, since he no longer does his Liberty Blitzkrieg blog. Do you or anyone here know if Michael posts anywhere else?

Thank you again for this blog.

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Rudy Havenstein's avatar

I see Mike's somehow still on Twitter, but don't know of any other options.

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Aretes's avatar

gold

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Andy Fately's avatar

I'm thinking COPX or CPER next for me

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Rudy Havenstein's avatar

Godspeed.

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Andy Fately's avatar

I no longer get upset by the blatant lying of the MSM as well as the Fed itself, there is no point getting agitated over something that I cannot change. rather, I try to listen to their lies and determine what the reality is underneath so I can position my portfolio to best take advantage of these things over the long term. I cannot help but look at the under investment in commodities over the past decade plus, as well as the insanity of current policies in the US and Europe and think real stuff will increase in value. as Jeff Currie said, the value is in carbohydrates and hydrocarbons. SAAS is a joke

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Rudy Havenstein's avatar

I bought a little XME today.

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Teddy21btc's avatar

I had thoughts of history repeating while reading the book "The Downfall of Money", which describes Rudy Havenstein (the older, dead one) and his sidekick: "These, then, were the distinguished, patriotic and apparently reliable officials who unwittingly set Germany and its currency on the road to ruin. Both were *lawyers* by education and training rather than economists or financiers."

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Rudy Havenstein's avatar

I meant well.

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Liz Aten's avatar

On point per usual…gratifying to see you ratchet up the heat and beat these idiots with their own Voodoo numbers. Do these mushrooms venture out of their 5 star caves and walk the aisles of ALDI’s and Walmart perhaps noticing the consumer trade downs because “inflation”. It’s painful to see. Oh….right those would be hedonic adjustments.

Regards

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Lysander72's avatar

I've read that Target has some outdoor patio furniture on sale. Some such bull whip effect. That should bring the CPI back to the 2% nirvana

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Average Substack Enjoyer's avatar

Great read for all average inflation enjoyers. 9.1/10

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RAD's avatar

Or 9.1/10.91 by next year

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Rudy Havenstein's avatar

Inflation is good because it makes us appreciate things more.

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Very 0wn's avatar

I always triple the official CPI numbers (and people give me weird stares).

What a pun on Twitter followers, haha!

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The Rational Walk's avatar

They have shelter up 5.6% over the past year. Food at home? Up just 12.2%. Restaurants? Up just 7.7%. I must have weird expensive tastes (even though I am frugal) because my personal experience is quite a bit higher than that -- like real numbers I see from Quicken.

And the big news today is the possibility of a full 100bp hike at the next FOMC meeting which is considered "aggressive" ... Fed Funds would still be under 3% with official inflation running over 9% and real inflation experienced by normal people running god knows what, but well into double digits.

At this point, the official numbers are pure gaslighting.

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Rudy Havenstein's avatar

Have you noticed that no one - no one - in the mainstream media (or Congress) seems to notice these things that are so obvious to us?

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G7Doug's avatar

I've been making the exact same comment on every decision made by our leaders for the last number of years whether covid, J6, Epstein, war, poop on sidewalks, monetary policy, fiscal policy, zero-push-back policy from R's...everything.

Identify a problem, suggest a rational solution and then proceed to the exact opposite of that solution and you will find the latest leadership response.

My eldest son says I need to get on the dark web to find the answer to the conundrum of insanity in our leaders, he tells me it's the real plan and as simple as wolves playing world dominance. It's getting harder every day to keep calling him a conspiracy nut...

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The Rational Walk's avatar

The craziest thing is that the "populists" on the left aren't screaming about inflation. It hurts the poor most of all and the numbers are nonsense. Well, the pols go on their "summer recess" at the end of this week and maybe the small percentage who go back to their districts rather than taking off on vacation will get an earful from constituents...

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Rudy Havenstein's avatar

I remain stunned how many of the Fed's biggest fans consider themselves to be "progressive."

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ADM's avatar

Progressively moving more to the commissars at the top? All expecting to be part of that top elite. Strange that they don't notice that the useful idiots are the first ones dispatched.

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The Rational Walk's avatar

I call it the Whole Foods effect. I rarely shop there now that I live near a Trader Joe’s, but when I have it’s clear that a segment of the population is completely unaffected by prices and doesn’t even care what food costs. Members of Congress live in a bubble detached from normal people. We should pay them maybe twice the median income, make congress a part time gig (like many state legislatures), and then some of them might get a dose of reality.

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Rudy Havenstein's avatar

Every FOMC member is a multimillionaire.

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RD's avatar

Tiff going all monkey hammer with a 1% today, how spooked is he eh? Rumour was 0.75% for people inside the tomb

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RAD's avatar

It's terrible to contemplate some innocuous Monkeypox virus coming down with Bernanke

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