The Great Devaluation: Understanding the Looming Global Monetary Reset

There are some things that can only be appreciated with perspective and why we offer our special, Easter Weekend Essay.

Here we provide our insight into the true story happening around inflation, why we are confident that gold prices are poised for significantly higher levels, and the reasons we believe the disinflationary era of the last forty years has officially ended.

We start first with a question. Is anyone paying attention to what is really happening with the U.S. dollar?

We all know that “inflation” has overwhelmed the world. According to the World Bank, in a statement released in January of this year, “inflation is now a global phenomenon.” It's a problem that impacts nearly every individual around the world as the prices on everything have surged over the past year. Gas, food, rent, housing, cars, building materials, you name it, are more expensive. According to the World Bank, this is not an American problem, it is a global challenge.

This past week witnessed even more terrible data on the U.S. inflation front. Consumer Prices (CPI) were released on Tuesday and indicate that the inflation rate has hit a 40-year high of 8.5%. The next day, Producer Prices (PPI) were released. They showed a whopping year-over-year increase in wholesale prices of 11.2%. This is the highest number recorded since the index was created in 2010.

Producer prices have historically been a leading indicator, and why the narrative that we have hit “peak inflation” may turn out to be more fake news. But it’s only when we can take a step back and look at the big picture that we can begin to make better sense of what is really happening in this moment. We urge everyone to pay attention.

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