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INFLATION IS ON THE WAY!It won't be caused as much by the small amounts in comparison as will the TRILLIONS that the FED has simply printed recently. The theory is simple; money printed with no backing for value will show up soon as inflation! Then what stops horrid inflation? It is a Depression! Money is devalued which causes the same amount of inflation as was the devaluation, eventually. It appears that either way we go inflation is on the way. Without many jobs, no raises, salary decreases, and debt, the purchase of goods will slow enormously. There then will be no need for new retail construction or office construction. Certainly no expensive homes in great numbers. The no end to credit days are apparently over. The government will soon run out of tax money to continue bail-outs and when they do all hell will break loose. Anyone remember the old man Joad in "Grapes Of Wrath," asking for half a loaf of bread for his Mother to eat with water since she had no teeth? He could only spare a dime "fer it" as he said. If we skim by this one, maybe we will learn this time! Bonkers's blog | login to post comments |