My three predictions in early April when the lockdown started and the government decided to soften the blow by printing money by the trillion:
1. If the lockdown went past April, we would see rioting.
2. We would see price inflation as bad or worse than the Carter years.
3. Gold and Silver would rally.
It’s not that I’m smart. I’ve really not been able to predict stuff like this before. It’s more like it was bloody obvious to anyone that has lived through this kind of stuff and has been actually paying attention.
Sadly, my other slightly more “soft” prediction is for WWIII. Desperate times call for desperate actions - by people AND countries. That’s what gave us WWII.
And if the three gourges dam breaks, somebody is going to be pretty darned desperate.
The classical definition of inflation is “an increase in the money supply that leads to an increase in prices.” Old dictionaries have it that way. The dumbed-down definition is “an increase in prices”.