“The United States, as well as the United Kingdom, will keep experiencing a significant increase in prices, fed by the rapid growth in money supply and the creation from scratch of large amounts of money.
Everything is collapsing in price; from housing to soybeans. Even oil is dropping like a rock.
BS +2”
Everything is collapsing in price? Do you spend much time at the grocery store? Has your cable bill deflated? How about your gym membership? Most every day household items and services are actually going UP in price. And if you check John Williams’ shadowstats.com, you’ll note the trend is arguably towards severe inflation, if not hyperinflation: http://www.shadowstats.com/article/292
As for oil, we all know that since it is a commodity that is priced in dollars it necessarily moves inversely to the currency. Right now the dollar index is a hair over 82. 5 months ago it was 72. Do you really think the dollar has gotten STRONGER as Wall Street has failed en masse and a $700 billion bailout has surged to $2.5 trillion? No. The dollar has strengthened only because there has been a flight to treasuries as investors are dumping stocks. The dollar surges, oil falls. Magic!
Housing is collapsing because there is no demand and it was severely over-priced. Goods that weren’t over-priced (like food) are going up in price and will continue to do so.
I suppose you also believe that gold is *really* $787/oz and silver is $9.35/oz? Try buying some on eBay or from a dealer. Then you’ll really get a taste of where prices are headed. Don’t be fooled by a manipulated market, Kewp.
Lastly, is it your position that the U.S. will not default on its debt and declare bankruptcy next year? I intend to re-visit this thread next summer.
