we are entering the worst inflation of our lifetimes it's really bad and i think it's going to get a

little worse and i want you to understand it because hey maybe you can avoid it a little bit and

at least you know what's going on and i'm going to tell you the truth i'm chris martinson i'm

your information scout and am i engaging in hyperbole am i over saying this no here's the data you the data. You know me. I bring the goods. So let's go there. Today we're going to be talking about this worst inflation. And this is a topic we all need to know more about. And here's the data. This is from the Federal Reserve. This is the Fred system. This is the consumer price index. That is a measure of inflation. That's what they tell you

about. Oh, hey, this underestimates inflation badly for reasons I just discussed with Ed Butowski of

the Chapwood Index. Also, my crash course chapter on inflation covers this really completely.

But let's talk about it. Let's pretend it is accurate and we'll talk about it from

that standpoint. Let me get my laser pointer out here. You see this flat section down here? That's what

inflation was for a long time, relatively tame and then all of a sudden it turns the corner here

and starts bolting upward. This region right here is the terrible 1970s, the last big round of high inflation.

But today's worse.

I'll tell you why in a second.

But what happened?

Why did inflation suddenly, you know, was trundling along at this low rate and then suddenly

goes much faster because of August 15, 1971?

That's when Nixon slammed the gold window.

And ever since then, the United States has been, well, 1971. That's when Nixon slammed the gold window. And ever since then, the United

States has been, well, without any mooring, without any tethering. Hey, you want a war? Great. We'll have one of

those and a tax cut. We just printed, printed, and then COVID came along. Massive printing.

And that gives us this last part right here. Look how steep is the steeper this line the faster the prices

are going up in your life this is your auto insurance your grocery bill what you have to pay for

rent all of it right so this is the steepest fastest line on this chart which means if we compare

...