I get both sides of the argument either hyperinflation/massive printing or deflation. I think it's likely infinite printing and QE it's all the Fed knows how to do. I also agree the Fed has painted itself into a very tight corner. The implosion should be spectacular when all this comes apart. What's the old curse/ wish? ........."may you live in interesting times" However along my path of trying to understand all of this I still can't factor the massive inflation in on everything that has taken place already into the complex equation. If you look at his chart on medical spending you can see there is no way that can possibly continue regardless of how much money is printed. Spending has to match taxation and the deficit spending has to stop. I feel compelled to take actions based on a variety of potential outcomes by not betting everything all on Red 17 on the roulette wheel of life but on the other hand sometimes feel paralyzed to make a decision for fear of the as of yet unknown consequences. Guess I should not feel too bad. Folks far smarter than me have pondered these questions their entire lives and throughout history. On a 2nd note if hyperinflation is the game that is chosen. Do you suppose holding grain vs. selling is any way to protect against devalued dollars ? I say yes in some regards but also see a diminished capacity by foreign buyers to pay ever higher prices or it may be worse yet be holding grain when everything blows up and seeing prices crater. No easy questions or solution in this environment. |