Inflation May Be the Next Dragon To Slay

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Letter Writer:

John Kitcher, English teacher in elementary school in Seoul, South Korea

Date Posted:

Feb. 2, 2010

Letter:

I would like to thank the researcher for clearly explaining the predicament that those in charge of the Fed will likely to be facing. There is so much currency in the system, and the Fed continues to debase the dollar by printing money by the trillion. Where will it end? Does the American public realize the government isn't a separate entity but an extension of themselves? YOU the Americans will have to pay all the trillions in debt that the government is taking on. And your standard of living, based on debt and spending, cannot go on forever. It appears as though the high-octane lifestyle is almost at an end. Unusually, l found this article through the St. Louis Fed Reserve web site, which is interesting in itself because usually those who let the cat out of the bag, as it were, are most likely to conceal it. On the same page, a poll is being carried out about inflation. Currently, 812 people have taken the poll and 61 percent believe that inflation is "dead in the water." The dangers of such massive injections into the currency supply are being aired with increased vigor by many except the popular press. Unfortunately, the masses will not read the said article or know how to insulate themselves from the pain associated with high levels of inflation. I hope the problems do not come to light, but I bought 7 kg of silver today because l am betting that they do. Does anyone have a time frame to said inflation? I am guessing 2 - 3 years, but would welcome comments. Search for Bob Chapman. He constantly talks about said problems.

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