October 27, 2015 Harry_Dent During World War II, the Fed bought its own bonds to keep interest rates low and demand high enough to finance the war effort. Back then, the Fed’s efforts did what you’d expect: they caused a modest level of inflation. So you’d expect the unprecedented stimulus of today to create substantially higher inflation. In fact, with the greatest money printing in history, it wouldn’t be unreasonable to fear hyperinflation. That’s what most gold bugs fear. It’s what most everyone seems to fear. They’re completely wrong. Inflation is low… will stay low… and there will be no...