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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Wednesday, May 19, 2010

Hyperinflation is coming

National Inflation Association
Numbers released in April show the highest inflation rate for food in almost 3 decades.

1 comment:

  1. Doug,
    Thanks for keeping the blog going. I talked to a patriot today and he said, "I'm just so tired. So tired." It goes without saying what has made us so tired, but we slither on, reminding those tyrants, careful where you tread. Your energy is remarkable and encouraging. Keep on, Br. Harmon.

    Hyperinflation is a reality. However, inflation is in check at the moment. The economy is experiencing spikes in certain foodstuffs and commodities. I believe we are also seeing a reduced inflationary number versus the loss in the Euro. Yet, two issues hang out there as to whether inflation will ramp up. One, will the banks finally flood the streets with the money they were given under TARP? Right now, it appears they won't. Even if they did, we are in such a slack economy, it could mean a wash of sorts.
    Second, as commodities rise profit margins for distributors and retailers will get smaller and smaller. Some will be forced to shutter or raise prices. The WSJ covered this story today. They claimed inflation, removing energy and food staples, is steady across the whole market. Retailers and distributors are eating the loss. I have banked on inflation coming, but these are two bulwarks for the moment.

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