Chris Martenson, author of Crash Course, in this recent article, provides an update on his analysis of the Consumer Price Index (CPI) and argues that the world is in for big trouble. He says, “…fiscal and inflationary train-wrecks are the most probable outcome for the US — and, by extension, the globe.” I agree. One point needs to be clarified. When speaking about inflation, one must distinguish between currency inflation and price inflation. Price inflation or cost of living can be affected by a number of causes, but the usual and primary cause is currency inflation, that is the debasement of a currency by the monetary authorities by creating money on an unsound basis. The recent policies of “quantitative easing” followed by the Federal Reserve amount to counterfeiting U.S. dollars under color of law. The ultimate effect will be to steal the value of your savings and the destruction of the middle class. Read the original post on Beyond Money.
|Thomas Greco is the author of The End of Money and the Future of Civilization.|