The central bankers’ “regime change” plotted at the August 2019 annual Jackson Hole bankers’ summit – senior partner central bank and junior partner government Treasury teaming up to print vast amounts of currency and direct its spending – has been carried out since that time, and now has triggered the start of a hyperinflation.
Bloomberg’s Commodity Price Index is up 62% from April 2020 to April 2021. These are spot market prices, which means not every buyer is paying them. But, nothing like this has been seen since January 1980, at the end of the 1970s “stagflation” and when Paul Volcker as Federal Reserve chair was already crushing the economy to stop it – 10-year Treasury interest rates were then 13%, not 1.5% as now.
Wall Street and the City of London are very happy, so far, about this rapid inflation in various forms of producer prices, which their corporate clients are passing on to households across the world whose wage income – at best – is stagnant. At “regime change” leader BlackRock, Inc., its global head of thematic investing Evy Hambro enthused on Bloomberg Television May 8, “There’s still quite a lot of room to go. What we’re really doing is we’re testing the upper ranges of commodity markets to work out what the new price range is going to be.”
