It took 200-years for the monetary base to go from $0 to $800 billion, but in just the past 3-months it has grown from around $800 billion to $1.5 trillion, and by the time you read this it will probably be surpassing $1.6 trillion. That's double the number of paper dollars in existence since last summer!"The Greatest Wealth Transfer in the History of Mankind Starts Now!" By Brent_Harmes, The Market Oracle, 12/19/08.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
February 16, 2009
Forecast: partly cloudy, rampant inflation.
I'm not an economist. I only play one on tv. But does not this portend massive inflation?
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