Are we looking at a return to the stagflation of the 1970s? We are if we're lucky. This data, from the Federal Reserve Bank St. Louis, suggests that the situation could get a lot worse than what was seen in the 70s.
I know it's kind of astounding to think that America would embrace such a hyperinflationary policy; go ahead and click here if you want to see a larger version of the chart and all the supporting data.
You have to look closely at the blue line, which is the adjusted monetary base, but if you do, you will see that it has spiked upward in the last year. And that means inflation. Big time.
Don't you agree that inflation or taxes is the only way out of the crushing national debt, and taxes are not a viable political option? What besides real estate is a good hedge against inflation?
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