Mainstream Media: Climate Change Will Drive Inflation Higher!

According to a new article on mainstream media…

Climate change is turning up the heat on inflation.

But what about the US government’s MASSIVE spending problem.

Business Insider published a new article that talked about a new study published in the journal Communications Earth & Environment.

The study says that “the effect of global warming and extreme heat are expected to create persistent increases in headline and food inflation.”

So much so…

That climate change could bump up food inflation by 3.23 per year.

And headline inflation by as much as 1.18%.

But here’s another cause of inflation that seems more real.

Issuances of US Treasuries are now at pandemic levels.

In just the first three months of 2023…

We saw near $7 trillion in gross issuances of US Treasuries.

And for the entire year of 2023, a whopping $23 trillion.

US federal debt is rising by $1 trillion every 90 days right now.

Needless to say, the US government has a MASSIVE spending problem.

One that doesn’t seem to have an end in sight.

In fact, last Friday, another $1.2 trillion spending bill was passed.

Fed Chair Powell says the US is on an unsustainable fiscal path.

And he’s absolutely right.

This is what prompted Fitch Ratings to issue a downgrade of the nation’s long-term credit score in mid 2023 – underscoring just how bad America’s finances are.

But nothing has changed since then.

This massive spending is one of the REAL reasons why we have a cost-of-living crisis.

But that crisis is nothing compared to what would happen if the U.S. defaults on its debt.

And while nobody knows what will happen next…

It’s important to have strategies that can help you weather any storm – and give you the power to make a lot of income no matter how bad the US economy may get.

Yours in Wealth,

Ian Wyatt