In recent years, inflation has soared to heights not seen since the early 1980s, but Brien Lundin, a precious metals investor who has been closely monitoring the situation, believes the current levels of inflation may be here to stay and that the Federal Reserve’s target of 2 percent inflation is unrealistic.
He is concerned that the unprecedented rise in U.S. money supply—which coincided with the government response to the COVID-19 pandemic—has permanently raised price levels.
“At one point, such inflation levels were standard and easy to achieve,” Lundin told The Epoch Times. “But now, there is so much money in the system that returning to these levels might be unrealistic.”…