I’d say government and Fed Reserve actions are certainly pointing us toward that ultimate outcome. Of course they will swear that they can prevent it.......just like all those other governments said in countries that suffered the results.
Anyone that has been shopping in the last month have seen prices skyrocketing. Gas is back up. The economy is stalled. UE continues with no end in sight.
Obamageddon is upon us.
“I’d say government and Fed Reserve actions are certainly pointing us toward that ultimate outcome. Of course they will swear that they can prevent it.......just like all those other governments said in countries that suffered the results.”
Hans Sennholz (Economist) used to say “In inflation all debtors gain and all creditors lose.” That’s because the creditors get paid with legal-tender dollars of decreased value and debtors get the advantage of paying their bills with those depreciated dollars.
So, who are the debtors and who are the creditors? The biggest debtor of all is the federal government. That is why inflation will continue—that is the way the government will pay off its debt.