[InterceptPoint]

Very, very few people are spending all that new money the Fed has made available. So, prices are increasing on a relatively small number of commodities.

What about the Big Guy in Washington D.C. He spends around a $Trillion or so every year that he doesn't have. Surely it is the Fed who feeds that machine. That money is being spent.

[hosepipe]

What about the Big Guy in Washington D.C. He spends around a $Trillion or so every year that he doesn’t have.

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ALL federal reserve money is money they dont have...
It’s FIAT money.. duuugh

[Errant]

Little of the QE printing makes it to Main Street. What inflation is created, is hidden like the real unemployment rate.

Source: http://www.shadowstats.com/alternate_data/inflation-charts

Indirectly, big banks gambling with this "free money" caused turmoil in the price of commodities around the world. It's one of the reasons for unrest in the Middle East.

One day in the future, the central banks will lose control. I happen to agree with Mark Faber that war and inflationary depression will be the likely result.

Interview With Marc Faber: It Is Not A Matter Of If With Hyperinflation, But When

[BfloGuy]

What about the Big Guy in Washington D.C. He spends around a $Trillion or so every year that he doesn't have. Surely it is the Fed who feeds that machine. That money is being spent.

Oh, yes. I certainly did not intend to minimize that.

But high inflation, or hyper-inflation if you will, has psychological as well as monetary causes. So far, Americans have had enough confidence in the dollar that they are not dumping it for tangible goods thus driving up all prices.

It's impossible to predict when, if, or why that might happen. But it could. The conditions are ripe.

But it might not.