So where are the posters who used to be claiming rampant “inflation” and ridiculous “$300/barrel oil” prices?
Hopefully they moved their money from oil to now gold and silver.
I believe we will get hyperinflation - after we get deflation.
I noticed that as the stock market was falling, so were commodity prices. This means part of the explanation for all of this is a relative strengthening of the dollar. That is a bad thing for an economy that depends on modest inflation for its very survival. It will make our national debt situation worse. But they will “fix” it be monetizing the debt.
There are really only two ways out of our* current situation: Economic collapse or monetizing of the debt, which leads to an even worse economic collapse from hyperinflation. Both pretty much always lead to war. And the greater the scale of the problem, the greater the scale of the war.
*By “our”, I mean the world, not just the US.
i don’t know about 300 oil but if you have been to Sam lately you will know that Folgers coffee is up 30% Bounty towels 20%, avacados 25%, socks 20% - how much inflation do you need? Gas is still 1.00 more than a year ago and double three years ago - even when the amount of gas in stock or sold show no realtion to “supply and demand”