US inflation numbers are understated, could be up to 20%

Soaring commodity and house prices are further proof that inflation is here to stay and it is much higher than the Federal Reserve wants Americans to believe, according to Max Keiser and Stacy Herbert.

Aside from the Fed’s money-printing, other reasons for spiking prices include de-globalization and growing tensions between the US and China, Max Keiser said in the latest episode of the Keiser Report.

“Because there’s some antagonism and because incomes in China have now matched those of the US, that ability to hide the money printing through the labor sink of China is gone. So now you have prices going up for real for stuff like lumber,” he said. “The Fed says it’s transitory… it’s categorically a lie.”