Hello fellow rebel capitalists hope you're well got a report out from

JP Morgan stating inflation is most likely going to remain high for the next 10 years.

Let's dive into this and see if I agree.

I might have some pushback here, although I agree on the overall idea, may have some pushback as far as the logic that

J.P. Morgan is using.

So let's go right over to this article from Zero Hedge and I guess we'll before we get to the

JP Morgan part we'll kind of start with the overall argument. 10 years to 2% We said bone chilling because it has direct analog to the

1970s great inflation in which they got inflation temporary under a

temporarily under control in 1976 just in time for the bicentennial celebration only to unleash

hell soon afterwards.

Our forefathers said to us then, they have taken big risks to create inflation under

control and keep the celebration positive for business. Watch what happens after

4th July. Our father, our father said to us then. Okay, maybe he's talking about his, the author's father or something like that. Okay. And, but I do, I have watched debates with Milton Friedman back around this time

was several prominent Keynesian economists and most of them were saying that they thought that inflation now was dead.

And any talk about it after 1976, which is kind of a nothing burger,

and Milton Friedman said, well, I tend to disagree. 1976, which is kind of a nothing burger.

And Milton Friedman said, well, I tend to disagree.

And I don't know that they called him a tin foil hat or

maybe behind the, maybe behind his back.

And he said that it had to do with the monetary supply.

Inflation is always in everywhere a monetary phenomenon.

Now I don't want to go way off on a tangent, but what I will say is most people, including many of you watching right now,

...