Well I decided to paste a post a I made a little while back because it is an important topic and FB is seeking to bury it with a rash of
nonsensical fluff posts, as is his habit.
"Inflation ICBM’s have already been launched. Since 2008 the FED has tripled the money supply. Tripled!! We’re awash in dollars. They’ve been printing money to buy toxic mortgage assets to prop up the big banks, and government bonds to keep interest rates low so yearly interest payments on the national debt don’t go through the stratosphere. It’s another frigging financial bubble, just like the housing bubble, but worse. They scam the folks on the actual yearly rate of inflation with convoluted CPI calculations that exclude higher energy and foods prices. If inflation was calculated on the same basis as it was in 1980 we’d now be looking at yearly rate of around 9%.
All the things our government, the FED and the European Union are currently doing are short term, kick the can down the road, band-aids. It will only make the reckoning in the next few years that much worse."