Friday, January 25, 2008
An Inflationary Time Bomb
I know I'm not the only one seeing doom ahead, since for just one thing the gold price is being driven by smart money that believes fiat currencies (in particular the dollar) are inevitably going to become exposed as virtually worthless in the medium to longer term. I'm also certain the new boss of the Fed knows this too. But those who govern us are continually postponing the Big Day by once again playing fast and loose with monetary and fiscal policy. Anything rather than have mass lay-offs and vast numbers of unemployed folks spending vast amounts of their newly-found free time reading the words of thought criminals like Phaedrus. We can't have the Plebs waking up to what's really going on, can we? If the recessionary threat isn't as great as these economic measures merit, we can expect a huge surge in prices for just about everything in a year to 18 months from now.