Andrei Jikh, relaying Luke Gromen: Inflation will rise to 10%

The window it was checked over

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

a recession. And because of that negative 87% net international investment position, this recession triggers a debt-death spiral that sort of takes the rest of the world with us. Not good. Outcome number two, print money at the same time oil prices are going up. The Fed steps in, it does what it does, quantitative easing, it buys treasuries, it caps yields, and it does what's called yield curve control. It saves the bond market. But, you're also putting liquidity into an economy that's experiencing an oil shock, and that causes inflation. Economist Luke Gromen thinks that we could see inflation that makes 2021 look mild, double digits, maybe worse. Outcome number three, walk away from Iran. Just announce, "Okay, we won. We're leaving now, right? We did it." Which might sound like a good option, except here's what's going to happen if the US picks option three. The rest of the world watches America start a war. It watches the US fail to reopen this major shipping lane. And the world watches as the US retreats. Okay, why is that bad? It's bad because if the US picks option three, the world then realizes that the US is not as powerful as it used to be, and it doesn't have the influence

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.