secmaven

Impending Inflation? The Global 'New Deal' All but Guarantees It

Recall that the dollar is the principal reserve currency for the whole world. This status enables the US to digitally produce as many dollars as it needs to provide the standard of living the politicians have promised to the sheeple. Is there something wrong with this picture? The folks across the ponds will not work for our benefit forever. China is rising as the most productive culture on earth whose citizens save and invest. Their money will ultimately replace the dollar but not without a mighty struggle. Inflation in prices in dollar terms will be one result of that struggle.