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Peter Schiff: The Major Problem is “The Inflation Tax”

Mac Slavo
May 19th, 2021
SHTFplan.com
Comments (7)

Gold bug Peter Schiff has said that the upcoming economic collapse will be much worse than the scamdemic. Coupled with the “inflation tax” and potential for food shortage, we could see a disastrous end to this year.

The Consumer Price Index (CPI) data for April came in much hotter than expected. Year-on-year, inflation is up 4.2%. The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, “We were surprised by higher than expected inflation data.”

Schiff said this hot CPI print is a cause for concern and ultimately it is a tax.

It is the inflation tax. And if you look at how much the cost of living went up, measured by the CPI in the first four months of this year, it’s 2%. So, if you triple that to annualized it, we have consumer prices rising at 6% annually. But if you look at the monthly numbers, every month it accelerates. So, if you extrapolate the trend of the first four months of this year for the entire year, you’re going to get a 20% increase in consumer prices in 2021.” -SchiffGold

Inflation is going to massively impact the poor and middle class (which has been the target since the beginning of this scamdemic as the agenda rolls out).

Tucker Carlson asked if the value of the US dollar is falling as quickly as the CPI suggests, why would any country want to invest in US bonds? Doesn’t this threaten to cause a shake-up?

Schiff said they won’t want to invest. They’ll be selling US Treasuries.

Anybody that can connect these dots is going to be selling US Treasuries. And the problem is there’s a lot of US Treasuries to be sold.”

Peter noted that a lot of people are talking about a shortage of goods.

The real problem is the surplus of money. Whenever you print a lot of money, it’s always a goods shortage because the Federal Reserve can print all the money they want, but they don’t print products to buy with the money. So, we have all this money being printed. We’re not producing a lot. People are sitting at home cashing unemployment checks. This is a tax. It’s an inflation tax, a Biden tax, whatever you want to call it. But when Joe Biden says ‘don’t worry! Only people that make over $400,000 a year are going to have to pay higher taxes to fund all these programs,’ he’s lying. Because every American is going to pay the inflation tax. And it’s going to hit the middle class and the poor the hardest.

But the mainstream media and ruling class are telling people not to worry or panic. What isn’t said, is that this is all by design. The dollar will crash as a new central bank digital currency (total slavery) is introduced as the solution.

Alert: Programmable Central Bank Digital Currencies Will End All False Sense of Freedom

The Central Bank Digital Dollar Is Coming: Prepare For Totalitarian Domination

Stay prepared.  No one knows how soon this will begin to roll out, but it is in the works and they will do anything they can to get people locked into the system of total control. The only solution is to be self-reliant and break free.

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

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    Author: Mac Slavo
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    Date: May 19th, 2021
    Website: www.SHTFplan.com

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    7 Comments...

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    1. “The only solution is to be self-reliant and break free”

      I have a better solution – A hot real revolution!
      Not unlike the French revolution – Set up guillotines in DC and Wall street. Oh let’s not forget the MSM in Times square.

    2. Anonymous says:

      The speed of light: 186K miles/sec. One trillion miles takes how many months for the speed of light? Most people can’t imagine a trillion. You figure it so you’ll remember it.

    3. Andrea.Iravani. says:

      The parallels between now and the 70’s are difficult not to notice to anyone that has lived through the seventies.

      1.) Nixon and Trump impeached
      2.) Vietnam and Middle East wars ending
      3.) Stagflation
      4.) Nixon closed the window to the gold standard and WEF, BIS, and Central Banks are talking about closing the window to the paper standard.
      5.) Petro dollar ensures protection of the oil industry and crypto currency ensures protection of technology and energy sectors.
      6.) Strikes, riots, vandalism and sabotage throughout the country.
      7.) Weather UnderGround Marxist terrorists and BLM terrorists with Weather UnderGround convicted terrorist Susan Rosenberg on the board of Thousand Currents that funnels donations from undisclosed Delaware address with BLM, the corporation, and BLM founder trained Marxist in her own words by former Weather UnderGround Terrorist.
      8.) Labor Unions worried about jobs lost to Taiwan and Japan in the seventies, and now China.
      9.) First swine flu scare in 1970’s, and scamdemic.
      10.) Yom kipur War and attack on Gaza
      11.) Gas lines and rationing and Colonial Pipeline shut down

      I do not believe that America will spring back this time like we did in the seventies. The primary difference to this point has been that during the seventies, corruption was dealt with on many levels, in the Pentagon Papers and in the Church Committee hearings.

      No economy or country is sustainable under corruption.

      It is one of the reasons that I have been targeted. Because unlike my many fake parrots in the alternative media, left, right, and center, none of them are demanding an end to corruption by calling for prosecution for crimes of corruption and fraud, particularly by Silicaon Valley conpanies and those that the data brokers cater to, and prosecuting people for violating other people’s civil rights as set forth in the constitution including its amendments, because they are violating those constitutional rights, and I know that for a fact, because they are violating my constitutiobal rights, which makes them guilty of many class one felony counts for each and every instance of a violation. They are serial criminal psychopaths that really belong in prison until they die, because they have been doing it not stop for years on end. They are obviously irredeemable. These are deliberate, cold blooded, pre-meditated acts of violence perpetrated against me with the clear intent to harm me, and they are all totally illegal acts of spying, data theft, intimidation, harrassment gas-lighting, impersonation, stalking, and intellectual property theft. If they feel justified in doing this to me since I have criticized them for pathological lying over things that affect this country, world, and my life, family, and property, they are wrong. If they don’t like being called liars then they should stop lying! Their job is to report the news! Not invent the news! If they are lying, they are inventing the news!

      Andrea Iravani

    4. Anonymous says:

      Economic survival is becoming clearer by the day.
      Political survival is where conservatives lack the organization and will currently. https://therepublic1776.com/2021/05/20/survive-2021-and-beyond-part-3/

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