Apparently inflation's up. Seems to me it's been going up dramatically for 10 years and we're getting screwed out of our interest income, colas, and such.
It's all in the wrist!
John Williams Exclusive - Hyperinflation & US Dollar Collapse
“The dollar has already been a factor for the major inflation that we are seeing now, and the weakness that we have seen in the dollar up to now has primarily been as a result of the Fed’s efforts to debase the dollar. A weaker dollar has spiked oil prices and we are seeing the highest inflation -- as the government reports it -- in the last 3 years, and it’s going to get a lot worse.”
When asked if the US dollar will collapse Williams replied, “If we end up in the hyperinflation that I think we’re going to see, then, no, the dollar won’t survive. They’ll probably come up with another currency at some point as they reorganize the global currency system. For this to work I expect it to have some backing of gold in order to sell this concept to the public, but the dollar in its current form would not survive a hyperinflation.”
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