ddtuttle

Fed Intervention, Market Response Confirm: We're on the Path to Hyperinflation

We are currently experiencing deflation on a global level. World net worth has dropped something like 50%, an amount that dwarfs the amounts actually "created" by central banks. We are in a deflationary spiral that show no signs of stopping.
When prices finally stop going down we'll have assets worth a fraction of their former value and many times the corresponding money supply. That will be a recipe for inflation, but from massively deflated values and prices.
Until then cash (and gold) are king. Once the inflation starts, then you'll want to switch to commodities (and gold).