Economist John Williams of Watchdog.com describes why we will suffer from hyperinflation that will begin no later than 2014 and why.
Open ended QE will cause treasury debt which leads to long range insolvancy of the US Government. If they had to report income under GAAP (Generally Accepted Accounting Principles) rules, we are losing $5 trillion annually. Taking 100% of peoples income would still not pay for this debt.
We are broke.
Government has been kicking the bucket down the road and the result will be inflation.
The global loss of confidence in the dollar happened with the raising of the debt ceiling last year.
The Fed’s primary goal is to keep the banking system solvent. They haven’t done anything to stimulate the economy.
More evidence that inflation is just around the corner from the Federal Reserve Bank of Dallas.