[CharacterCounts]

Yes, but when the government increases the money supply the way it has and the way it plans to, severe inflation is the result.

[slowhandluke]

I agree. I think Schiff is right. Each time we've hit trouble, the Fed runs up the money supply. That was the answer to the dot.com bubble, which lead to the housing bubble, which has now lead to the dollar bubble. Once the dollar bubble breaks, if the Fed tries the same old trick of feeding in new money, you get rampant inflation.

the fact that we have created 3X the base money supply means roughly 3X inflation once the credit bubble bottoms and banks start the lend based on the new base money supply. We might get lucky, and the Fed might recognize that printing new money into a dollar collapse isn't smart, and so avoids hyperinflation. But I do think we are going to see at least a sharp drop in the value of the dollar at some point.