The US dollar on Roman steroids

Asia Times
Friday, Aug 15, 2008

Inflation seems to be raging, to one degree or another, all over the world now. In Europe as a whole it rose to 4.1%, which is (as I hear) the most in 16 years. Curiously, the inflation rate in consumer prices in Germany, Europe’s largest economy, is still “only” 3.4%.

It doesn’t take a math genius to see that if the largest economy has inflation at 3.4%, then a lot of the other 14 countries in the bizarre, idiot’s-delight “euro monetary scheme” must have much higher inflation if the damned average is 4.1%! Wow!

Russian inflation, generated by gangsters bitten with the bug of capitalism and implemented with the reins of monetary power over a fiat currency (like we have here in the USA), is running at about 15%, according to a chart I saw in the Financial Times, ensuring that inflation in consumer prices is destined to get worse! Yikes!

(Article continues below)

To make matters monumentally worse, these Russian dudes have plenty of nuclear weapons and armaments already!

This kind of inflation in prices, especially on such a grand global scale, is beyond insane. It’s economic suicide, if for no other reason than the damned Russians are going to remember the coercive power of all that weaponry when the Russian citizens start getting angry and rebellious about rising prices, too, which the government will try and alleviate by printing more money, which inflates the money supply, which makes inflation in prices worse and worse and worse until one day it all breaks down in a Big, Ugly Heap (BUH), and everybody gets all busted and disgusted.

Full article here

Print this page.

Comment Rules

Comments are closed.