Illegal Smile
Well-Known Member
Pay no attention to what is going on re inflation. Inflation lags greatly the causes that trigger it. We have just spent more money than all but a tiny percentage of the public can even comprehend, and we didn't have it. We just maxed out the biggest credit line in world history. It has to be paid for. There is only one way to pay for it - inflation. Inflation pays for it because it dilutes all the money in the system. Take a mixed drink for example. Say every ounce of liquid in the glass is 25% liquor and 75% mixer. Deficit spending is like adding more and more mixer. Everyone pays the bill because everyone's money is equally devalued. THIS was how Obama intended to re-distribute the wealth. Massive inflation is coming and it may trigger a double dip recession.