* U.S. is not Zimbabwe
* “Schiff says it’s because the Fed is printing more money than Exxon Mobil” – not only BS but easily disprovable BS – just look at our monetary base. M2 and M3 reflect numerous other economic processes beyond the actual “printing”.
* In todays economic environment, allowing (monetary) inflation to get out of control would be suicidal (all housing problems we had so far, times ten).
* Gold is a bubble. All metals are bubbles. All grains are bubbles. Every commodity that can be cheaply stored for extended periods of time is a bubble. They are bubbles because people read too much Schiff and decide to put their money into commodity futures. (often indirectly via commodity ETFs)
* One exception is oil which may or may not be a bubble. (see “peak oil” theory)
* The only reason we see (price) inflation is because of appreciating oil and bubbles in various commodities.
