Quote:
Originally Posted by Big_Bill
If that was all it would take to forecast his predictions, why hasn't everyone else done the same?
Any time that the Federal Reserve prints Trillions of dollars, and bumps them on the economy, (Stimulus Spending), inflation has to increase, and the value of our money decreases.
As for the rest, I'm surprised that he is so knowledgeable.
Bill
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Well, that's the rub. Inflation will only occur if that money is based on a commodity. But it's not, it's based on prices and prices won't rise until demand increases.
In the last 10 years, there hasn't been any sort of economic boom occurring that would drive up prices. The primary reason we are seeing any inflation is that China is experiencing significant inflation and cost push inflation is at work in driving up some of the prices on their products over here. The type of inflation to worry about is demand pull inflation and but until we reach full employment, that's not a concern at this point.