The Fed’s Holy Fools

Kill inflation or die trying 🔫 [Altucher Confidential] August 04, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Killing inflation - like killing Rasputin - is easier said than done. [Hero_Image] The Fed’s Holy Fools $32.8 Billion PER DAY! [James Altucher]( Forget AI, cryptocurrency or anything else – [THIS]( is the biggest profit opportunity of your lifetime. It’s an obscure corner of the market… one which is quietly creating an average of $32.8 BILLION in new wealth PER DAY. [That’s $1.2 trillion per year…]( And if you act fast, you have the chance to get in on the action starting right away. Hurry, though – this video will be removed from the internet on Friday at 4PM. [Click here now for details](. [Chris Campbell] CHRIS CAMPBELL Dear Reader, Remember Anastasia? I do. My sister made me watch it on repeat for weeks straight. The 1997 movie featured a villain named after - and inspired by - the Russian sorcerer, Rasputin. [pub] As creepy as Rasputin was in that cartoon… He was pretty creepy in real life, too. An actual (colorized) photo of him in 1916, the year of his death. [pub] Somehow, this guy gained an incredible level of notoriety and influence in Russia. Part of it came down to a quirk of culture. In Russia, not too long ago, an unusual amount of reverence was given to two groups: 1.] The 'yurodivy', or holy fools: mentally ill individuals whose wild and erratic behaviors were seen as divine. And 2.] The 'startsi', elderly spiritual advisors who were respected for their wisdom. These individuals, despite their differences, were seen as closer to God than the commoner. Rasputin blurred the lines between the two. However, his royal influence stemmed from his success in treating Tsarina Alexandra's son, Tsarevich Alexei, who suffered from hemophilia. As a result, he gained undue influence over the Tsarina. And the closer he got to the family -- eventually calling the Tsar “papa” -- the more the nobles were threatened by him. So they decided to kill him. But Rasputin proved harder to kill than a bedroom fly at midnight. After escaping death a couple times… He finally died from drowning after being unsuccessfully poisoned by cyanide, shot three times, and mercilessly beaten. Alas, the noblemen’s efforts were in vain: Rasputin’s death marked the beginning of the end for the empire anyway. Fast-forward to 2023. Location: The Federal Reserve’s HQ. Urgent From James Altucher! Hey, it’s James Altucher. I just announced a massive new change to Altucher’s Investment Network, and as one of my readers I wanted to make sure you know what’s going on. [Click here now to see my urgent announcement.]( Kill Inflation or Die Trying “To understand the Federal Reserve’s fight against inflation,” our colleague Jim Rickards wrote this morning, “we could do worse than recount the murder of Rasputin. The two stories have a lot in common.” How, you ask? Killing inflation - like killing Rasputin - is easier said than done. You’ll recall that inflation started increasing in April 2021, with the Consumer Price Index (CPI) reaching a high of 9.1% by June 2022. Initially, the Federal Reserve disregarded this increase, believing it to be transitory, and employing "forward guidance" to soothe concerns. However, when their strategies had no effect on curbing inflation, the Fed began raising interest rates in March 2022, culminating in a total increase of 5.5% by July 2023. Notably, the last time the Fed had rates at 5.5% was in January 2001, over two decades ago, highlighting the unprecedented nature of the current situation. Despite trying to poison it, shoot it, and beat it with a mallet… inflation persisted. Thus, the Fed’s new mandate: Kill inflation or die trying. The Greatest Danger So the question: Is Rasputin dead? Did the Fed kill inflation? “The Fed doesn’t know. If they did, their job would be easy. They’re in the position of not knowing if they need to fire another shot or throw the body into the river.” The biggest danger, says Jim, is that they throw in the towel too early. Sure, inflation has cooled down. But it’s still not at the Fed’s goal of 2.0%. And each improvement gets harder than the one before. “There’s one last Rasputin analogy we can tease out of this,” says Jim. No, it’s not that we tend to put too much stock in the potentially mentally-ill. (Although we shouldn’t rule it out.) And no, it’s not that the Fed is full of holy fools. (There’s nothing holy about them at all.) “It’s entirely possible,” says Jim, “that the Fed will kill inflation but end up destroying the economy in the process the way Rasputin contributed to the fall of an empire after his death.” So… If you’re at all worried about a Rasputin-level event in America… [Contemplate the following.]( Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Over 62 And Collect Social Security? Take Action Immediately! [Click here to learn more]( [If you’re over the age of 62 and currently collect Social Security, you need to prepare now](. Because Biden has given our country the worst inflation in decades – and many warn things will only get worse from here. Worse yet, the Social Security check you receive now may not keep pace with inflation… [Which is why, if you don’t act now, you could fall behind in the months ahead](. Is your retirement at immediate risk? [Click here now to get the simple, step-by-step actions to survive inflation](. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Altucher Confidential is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your Altucher Confidential subscription, you can ensure its arrival in your mailbox by [whitelisting Altucher Confidential.](