Newsmax.com - Coming Next Year: Obama’s Inflation

Newsmax.com - Coming Next Year: Obama’s Inflation: "During the past five months, the money supply in the United States has almost tripled, increasing by 271 percent, according to the Federal Reserve Board.

Have car sales tripled? Home purchases? Consumer spending? Corporate investment? Not only have they not tripled, but they have all declined more sharply than they have since at least the recession of 1981-82, and perhaps since the Great Depression.

So where is the money? If it isn't being spent, where is it?

It is being parked, squirreled away. Consumers are using it to pay down their credit-card balances, pay off their mortgages, reduce their student loans, make the payments on the car sitting in the driveway — not the one in the dealer's lot. Businesspeople are buying T-bills, investing the money and saving it. They aren't spending, either.

But one day, this recession, despite Obama's best efforts, will end and things will begin to look up again. Then we can expect all of this money to come out of its parking space and get back on the highway of commerce. All at once. The inevitable result will be double-digit hyperinflation."


A great thought. If you thought the great depression was bad, you ain't seen nothin yet!
But then again, Obama can say he fufilled his campaign promises, to put everyone in the same bopat ... we can call it the USA TITANIC