[DaxtonBrown]

What we are really in is a global biflationary depression. Money printing causes not only inflation, but pockets of deflation as trust in the system is lost and velocity V plummets. We’re still screwed (even worse than just inflation) but it can look benign as the numbers cancel out. Wages down, margins down (deflation) but food, gas up.
http://www.futurnamics.com/biflation.php

[arthurus]

no exception to rapid monetary growth leading to inflation,

It does not lead to inflation. Rapid monetary growth is inflation.

[snowsislander]

There is little reason, then, to believe these regulators will see the coming global "inflation disaster," independent economist Andy Xie warns in a recent commentary.

Certainly the Fed is aware of the inflation that they have ignited. That's the Fed's plan.

They are trying to push inflation because deflation worries them a lot more than inflation.

[fish hawk]

Oh, they see it, they just don’t give a damn.

[RegulatorCountry]

I'm not so sure I give this too much credence, for the simple fact that what he's positing, global inflation, would produce no notable distortion. It's sort of like the dire predictions of global currency collapse. If they all collapse, how would anyone really know. Currency valuations are relative to other currencies.

Yes, we're in a very dangerous, unprecedented situation, but what the future holds is far from simple or predictable. What we've seen thus far is deflationary, interspersed with commodity bubbles. Where in a deflationary economy, is the money coming from, to fuel the bubbles? Government stimulus.

Beyond that, well, there they be dragons, anyone who claims to know is trying to sell something.