All things are relevant when considering today's world. All topics will be discussed.
Wednesday, February 23, 2011
Steady Inflation is the process of massive money "creation" with an almost equal amount of debt destruction. In the case of current US finance, the Fed is printing a little more money than what is being destroyed on the open market. The little amount that is the difference is the inflation. It has been 10% for the last two years YoY and is now approaching 20%. This has been absorbed by precious metals and oil. That is the price gain you see.