This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/523680-max-keiser-us-lumber-prices/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Timber! RT’s Keiser Report looks at what’s behind soaring lumber prices in US | Timber! RT’s Keiser Report looks at what’s behind soaring lumber prices in US |
| (2 months later) | |
| As the US government continues to print money and the Covid pandemic causes supply chains to shut down, there is evidence that a major inflation is starting to happen, according to RT’s Keiser Report. | As the US government continues to print money and the Covid pandemic causes supply chains to shut down, there is evidence that a major inflation is starting to happen, according to RT’s Keiser Report. |
| Host Stacy Herbert says one of the signs has been a parabolic rise in timber prices in the United States, which has resulted in rising home prices, as more and more people flee the cities for the suburbs. | Host Stacy Herbert says one of the signs has been a parabolic rise in timber prices in the United States, which has resulted in rising home prices, as more and more people flee the cities for the suburbs. |
| According to Max Keiser, money-printing by the Fed is at the root of the problem, causing a massive inflation and the devaluation of the US dollar. | According to Max Keiser, money-printing by the Fed is at the root of the problem, causing a massive inflation and the devaluation of the US dollar. |
| “This looks like it’s shaping up to be a deflationary depression like we’ve seen in Weimar Germany or Venezuela or Zimbabwe. People are panic-buying assets right now to protect themselves from what looks like an event on the horizon, which is the utter collapse of the US dollar," Max says. | “This looks like it’s shaping up to be a deflationary depression like we’ve seen in Weimar Germany or Venezuela or Zimbabwe. People are panic-buying assets right now to protect themselves from what looks like an event on the horizon, which is the utter collapse of the US dollar," Max says. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |