Sunday, March 29, 2009

Inflation is on the Way


Children of the Weimar Republic stacking
Deutsche Marks rendered worthless through hyper-inflation.

Scroll down to view Glenn Beck's video in which he correctly points out that the Fed is greatly increasing the money supply, which will herald future inflation.

We will not see inflation for the time being, because of the drop in demand for goods and services related to the economic downturn. But, I am confident that Obama has laid the monetary foundation for major post-recession inflation.

Inflation not only is economically damaging, but it engenders political and social turmoil. In fact, most modern revolutions, from the bolsheviks in Russia, to the nazis in Germany and the coup against Allende, were preceded by acute inflation.

http://www.youtube.com/watch?v=lNS8IY_Td14

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