Meanwhile, the Fed announced unlimited monetary inflation on 23 March. Shortly after, China began to accelerate sales of dollars in favour of stockpiling commodities, exhibiting the change in behaviour we can expect from the wider American public when it collectively realises it is money going down and not the prices of everything rising. Did 23 March, following which China is reported to have started dumping dollars at an increased pace for commodities, mark the beginning of the final flight into goods?
It is certainly possible, in which case hyperinflation of the dollar and of most other paper currencies will likely end in a final, unexpected collapse in purchasing power in a matter of only a few months.
Let's see how that works out.
Gold MoneyHyperinflation is here
Alasdair Macleod
Let them eat gold!
ReplyDeleteSo who's buying all the dollars off the Chinese if they're such a bad bet and gold is such a great one?
ReplyDeletehttps://www.nakedcapitalism.com/2013/11/randy-wray-what-if-china-dumps-us-treasury-bonds-paul-krugman-inches-toward-mmt.html
And what's it to be Alasdair Macleod gold or commodities do make you mind up!
Doesn’t matter he’s not testing a hypothesis he is stating a thesis...
ReplyDeleteIf “inflation!” doesn’t happen he won’t do or say anything different... that’s not what he is doing.., not what he has been trained to do...
The Chapwood Index is a hoot. Adding 6% to observed CPI was wearing thin, so the inflation nutters needed something less obviously stupid.
ReplyDelete