Inflation is officially nearly 3% right now. Alasdair MacLeod from GoldMoney says this high inflation is still an underestimate and real inflation is closer to 10%.
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High inflation is causing a transfer of wealth and economic distortions. The Fed will have to raise interest rates eventually, he says.
MacLeod believes Trump is taking down the Deep State and seizing control of foreign policy.
Across the Atlantic, eight months are left till the UK leaves the European Union. MacLeod gives us an update regarding the political conflicts currently surrounding Brexit.
Lastly, MacLeod expresses concern for the EU as a whole. He says the EU is in a “state of decay.”
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