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
sounds like stagflation
Prices on necessities (inelastic demand) skyrocket.
Prices on luxuries (elastic demand) plummet.
Falling...standard...of...living.
Which is intuitive when you realize most of the stuff people have been buying, has been on credit; that the credit is vastly overextended; and that even the "retrenchments" to what is thought of as "prudent" is still vastly overpriced by historical norms (e.g. 30-year vs. 7-year mortgage).
Both the simultaneous lowering of prices AND velocity is not enough to make up for the purchasing power lost by destruction of debt; but this tidal wave is running into (and in some politicians' minds is the justification for) massive printing and devaluation fo the currency.
Only one outcome.
Weimar / Zimbabwe / War.
Only this time, the oceans aren't enough of a buffer to keep the continental U.S. safe; we don't have the currency reserves to fund a war; our national will has been destroyed by "multiculturalism" and "blame the West'; and our "arsenal of democracy" is now the 'arsenal of Maoism': and even our military secrets have been sold.
And the demographics aren't in our favor either, while our young women in prime breeding age have opted to demand government go further into debt to suppress their fertility until their natural fertility diminishes; at which point they will demand even more debt to finance unnatural treatments to their body to attempt to give them a perfect, designer child; those unborn children who aren't selected doomed to be destroyed even before implantation in the womb.
Analogies to Isaiah 3:16 and Isaiah 5:14...
NO cheers, unfortunately.