The Medicine Becomes Poison: Dangerous Inflation Ahead
Inflation is always and everywhere a monetary phenomenon.
—Milton Friedman, Nobel Prize–winning expert on monetary theory
In the last chapter we told you how and why the real estate, stock, private debt, and discretionary spending bubbles began to pop before and during the financial crisis of late 2008. In the next chapter, you will see how these first four bursting bubbles will help bring down the last two: our vulnerable dollar and massive government debt bubbles.
But first, wedged in between these bursting bubbles, we offer you an in-depth look into something that we feel you absolutely must know about right now. Something so pressing and dangerous that if you believe nothing else in our books, you must give serious consideration to what we are about to tell you. Why? Because unlike some of our other predictions, this future threat has actually already become inevitable. Like a submarine missile that has already been launched, it is silently hurtling towards us. We are just waiting for impact.
This already launched missile heading our way is inflation. Not too many people are currently worried about inflation because right now inflation is low and poses no immediate threat. But inflation is the most significant future danger to the dollar, and understanding where it comes from and what it will do is essential for understanding why and when the dollar and government debt bubbles will fully collapse, bringing down ...