Episode 9: El Nino...Godzilla Rising from the Pacific

In Episode #9, before Greg gets to the intensifying and already vicious El Nino that has become dominant in the Pacific Ocean...he discusses the Fed and monetary policy, the disinflation in the year over year rate of change in CPI inflation to just 4%, and the polarized price action in the US Dollar. 

Then Greg takes on the US Federal Budget numbers for May, and breaks down what this NIGHTMARE is really all about...enabling an insolvent, and debt addicted government, who must print ever more money on “our dime”, with US Public Debt set to reach $40 trillion by the end of the next fiscal year. Moreover, with another $240 billion deficit in May, four times last May’s shortfall and pumping out debt at a $2.9 trillion per year pace...the US Federal Government must “borrow” ONE BILLION DOLLARS AN HOUR, just to keep operating.

Greg examines the El Nino phenomenon in depth, noting how this is likely to spark another round of inflation, specifically in Food commodities, GLOBALLY, and the dramatic impact it is ALREADY having on the weather around the world...before finishing with a look at Turkey, as a prelude to what other countries, including the US, may “look like” in years to come, financially speaking.