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Exporting inflation
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John Burns
Posted 12/14/2012 10:55 (#2751232)
Subject: Exporting inflation



Pittsburg, Kansas

This is going to turn around and bite us in the butt some day. If you have followed any of my posts on inflation over the past several years the reason will be painfully evident.

Top central banks extend dollar-lending program

The party is fun while it is lasting but the hangover will be painful.

Imagine if you lived in one of those countries and had a printing press to issue counterfeit dollars. The only difference is our government is issuing them instead of some other counterfeiter. They circulate in the system just the same.

John

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