The original title: the search volume of "inflation" reached a 17-year high, and the financial celebrity: Americans panicked.
Although the Federal Reserve has repeatedly said that inflation is temporary, concerns about inflation have only increased, from Google, which uses the word "inflation".This can be seen when the index reaches an all-time high. Recently, the financial celebrity Peter Schiff spoke openly about inflation concerns and the Fed's false response to it.
From May 9 to May 15, searches for the word "inflation" reached the highest level since 2004, according to Google trend data.. From 2004 to the end of 2020, almost all searches for the word were around 50. In early 2021, the number of searches soared from 50 to 100. Obviously, a series of changes in 2021 have prompted Americans to pay more and more attention to "inflation".
Peter Schiff said that people are fully demonstrating that they believe that inflation is not short-lived and that they are very worried. Yet the Fed has ignored signs that inflation will persist, pretending it is temporary. After all, that's how they used to deal with the mortgage crisis, turning a blind eye to people's concerns. It seems that as long as they do not admit it, the problem will not exist. But it's obviously wrong.
In Peter Schiff's view, the Fed's monetary policy and debt monetization are pushing QualcommThe goods are inflated.
In the first seven months of fiscal 2021, the U.S. government collected about $2.1 trillion in taxes and spent about $4.1 trillion. That means the Fed helped provide $2 trillion. These are only official figures, and unofficial figures are even worse. In addition, the deficit in the first seven months of 2021 is higher than that in the first seven months of 2020, which includes the impact of the economic recession caused by the COVID-19 epidemic.
Peter Schiff said:
"everyone thinks the economy is recovering, but in fact this is not the case. Government spending and deficits are even larger than they were after the 2008 financial crisis. The key to why the economy seems to be recovering is that the Fed artificially stimulates the economy by printing money.
Generally speaking, the best way to solve the recession is to stimulate inflation. But the problem is that if the recession is caused by inflation, it will be difficult to check and balance no amount of stimulus the Fed wants. after all, it is useless to fight poison with poison. "