Big inflation coming soon

Big inflation coming soon. By Egon von Greyerz and Steven Saville.

First, money supply in the West is now increasing at 26% per year. The true money supply of the US and Euro combined:

How’s that for explosive growth?

Second, the stock market is pricing in large increases in profits due to future inflation:

Third, the US Federal Reserve just changed money supply reporting from weekly to monthly, in order to reduce interest and reporting on money supply figures, and to thereby reduce inflationary expectations.

Fourth, gold is as cheap as it was in 1970 (US$35/oz) and 2000 (US$260/oz), compared to the size of the money supply:

Asset prices will increase first, but eventually — despite immigration — it will spread to wages and then to consumer prices.