>>Devaluation of a currency is not a cause of inflation it is a RESULT of inflation. <<
Actually, devaluation of a currency due to the increase in volume of money is the dictionary definition of inflation. The rest is a reflection of the money being reduced in value. I learned this while arguing the subject with some more knowledgeable freepers than myself.
http://dictionary.reference.com/browse/inflation
But we’re arguing fringe issues, really.
>>Food, and clothing have not gone up by 20%.<<
You are correct. And I didn’t say they have. I said they WILL. And worse...
If you are not big into gold and/or silver, you could be in for a world of pain. Heck, you probably will be anyway. Me too.
Im one of many, Im sure, who really cant afford to buy gold and silver, Im just starting to use my extra cash to stock up on supplies and things for when it really hits the fan.