Yahoo! Finance has the article Mohamed El-Erian says a ‘trifecta’ of dangers will haunt the US economy in 2022 — here’s how to protect your portfolio.

Inflation erodes our purchasing power. If you’re holding cash, you won’t be able to purchase the same amount of goods and services as before.

Someone made the sarcastic remark that he was told that inflation was transitory. I felt compelled to respond to that comment.

Inflation may be transitory if the Government does the right thing to combat it. Unfortunately, the Fed is not the part of the government that has the tools for fighting inflation. Raising the interest rates will only make prices go higher. Breaking up monopolies may be the best tool for fighting inflation. Another tool is to shift business “investment” out of raising stock prices, and using that money to invest in productive growth of the economy which includes infrastructure improvement. I said infrastructure improvement is part of the solution, but it isn’t the whole solution.

To El-Erian, i will agree that holding cash might erode your purchasing power as the purchasing power of cash in constant dollars erodes. However, holding cash won’t be as bad as holding “investments” that lose in face-value, too. Crypto-currencies may be what people are using as a store of value instead of gold, but crypto-currencies’ dollar value is dropping like a rock. I don’t see how that will end up being a store of value. I’ll stick to a little bit of gold as a hedge against inflation.

RT has the post The world’s largest trade pact is a game-changer for China.

China sees itself becoming more prominent in the global economy, trading more and using its giant market, while the US has decided to sit on the sidelines, engage in sabotage, cry foul, and still demand it should be able to dictate the flow of the game it refuses to play in. Who do you think is going to come out of all this best?

From my own knowledge of the facts, I don’t see anything wrong with this description. The USA media will try to counter this if it ever decide to report on this. If anybody is lying to you, it is probably the USA government and its minions in the USA press.

Michael Hudson has published a link to his discussion with Max Kaiser – On Bitcoin, With Max. The interview starts at 14 mins. What comes before that is not worth wasting your time on.

The second part of the interview is in a form that I can embed here. I start the video at Michael Hudson’s interview. The global stilling of money part that comes before Michael Hudson is pure rubbish.