I am afraid you are right...
But what happens when it becomes hyper inflation?
Which is what scares me...
And, I am no wild eyed radical hoping for the down fall of my country...
But things may happen...
Well, that’s the question, isn’t it? We are seeing a rise in world inflation, no doubt. It appears here to stay. I can see that possibility. But I am also reading quite a few articles form some seemingly bright financial people who are posing the serious possibility that net deflation and demand destruction is going to be unstoppable. Inflation should not exist if property values fall 60%, 25% of businesses close their doors, their is wholesale slaughter with bank failures, and if unemployment soars.
Deflation is nasty but it can’t result in inflation. I’m really struggling with trying to decide where we are heading — net deflation or net inflation. But some very bright people are convinced that deflation is going to win.