From Martin: I Prayed This Forecast Would Never Come True

By Martin Weiss

Last June, I prayed this forecast would never come true.

We predicted that Russia would ramp up its war with Ukraine and set off a chain reaction of highly inflationary events rippling through the global economy.

Now I'm deeply saddened that it's happening.

My grandfather was born and raised in a city of Ukraine that's now coming under heavy bombardment.

It feels surreal. But there's no turning back the clock.

Money is not everything. God knows there are more important things in life, especially life itself.

But wealth can help protect your family from the dire consequences we see coming.

Already, since last June, oil has doubled in price. Wheat has also doubled. And those surges weren't the biggest ...

For example, nickel, one of the energy metals that Weiss Ratings analyst Sean Brodrick frequently talks about, has surged 148%.

One of his favorite stocks, Gold Fields (GFI), is up 72%.

Marathon Oil (MPC) is up 91.6%.

Teck Resources (TECK) is up 103.4%.

Alcoa (AA) is up a stunning 184%.

And it should come as no surprise.

From early last year through February, the government's measure of consumer price inflation had already catapulted higher — from 1.7% to 7.9%.

It quadrupled in just one year.

Clearly, that prior surge was not caused by Russia's war on Ukraine.

It was mostly caused by the Fed's war on our dollar.

Consider the facts …

Since 2008, the Fed has printed EIGHT times more paper money than ALL the money printing that took place in the previous 232 years.

Here's the proof from the Fed itself:

The chart shows the Fed's balance sheet, including all the government securities and other assets it has bought with the printed money. That's the proof.

Until the 2008 debt crisis, the Fed's balance sheet grew at a relatively slow, steady pace.

But then, look what happened!

On Sep. 15, 2008, the Fed's money-printing presses went wild. In just a few short weeks, the Fed more than DOUBLED its balance sheet.

Then, in the years that followed, they repeatedly promised to "exit."

I lost count how often.

But even as they said they'd stop, their money-printing addiction just kept getting worse.

Now they're doing it again. They promise to "taper." But they just keep on printing.

End result:

1. The Fed's balance sheet is not $1 trillion like it was before the 2008 debt crisis. It's not $2 trillion like it was after the Lehman Brothers failure. It's now close to $9 trillion.

2. Commodity prices are not stagnant like they were in 2008. They're rising at the fastest pace since the double-digit inflation days of the late 1970s.

3. The world is not entering a period of abundant or cheap global trade like back then. Precisely the opposite is happening. Trade wars are escalating. Shipping routes are clogged. Critical goods are either unavailable, far more expensive or both.

This is big. It's here. And it merits urgent attention.

That's why Sean Brodrick and I are meeting online tomorrow, and why I've invited you to join.

We'll start at 2 p.m. Eastern tomorrow.

Our topic is Shocking Forecasts for 2022–2024.

If you want to attend, be sure to RSVP today.

The deadline for free tickets is midnight Eastern tonight.

Good luck and God bless!

Martin