Luke Gromen: This Is How Hyperinflation Begins
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It always raises my hackles when a gold-marketer starts putting this out.
I don't doubt we're on the way to hyperinflation. In the opinion of many, we're already there.
BUT. I'd been waiting for this since 2010, when the FRB printing-presses got warmed up and really pumping.
It didn't happen; and frankly, my guard was down. Even the COE-vidd didn't seem to launch it.
Until it did. No bell ringing, not even a Cassandra like these guys.
Just, quiet notices of a 20-percent rent increase. Just, new cars priced half-again higher. Because of the new UAW contract, or some such.
Then the price of everything launches. Some are denying even NOW that we're in hyperinflation.
I don't doubt we're on the way to hyperinflation. In the opinion of many, we're already there.
BUT. I'd been waiting for this since 2010, when the FRB printing-presses got warmed up and really pumping.
It didn't happen; and frankly, my guard was down. Even the COE-vidd didn't seem to launch it.
Until it did. No bell ringing, not even a Cassandra like these guys.
Just, quiet notices of a 20-percent rent increase. Just, new cars priced half-again higher. Because of the new UAW contract, or some such.
Then the price of everything launches. Some are denying even NOW that we're in hyperinflation.