There Will Be (Hyper)Inflation

The deflationist can thump their chest, they were right and good thing too. Deflation is badly needed by the economy and personally I notice how nice it is to be able to afford things for a change, but all good things must end.

You can thank the Bush and Obama administrations for their Sherman's march to save the bankers' bonusess abd debase your spending power in the process.

The monetary base expands when the central bank takes over the troubled assets of commercial banks in order to extend new credit to those banks. This process is gaining momentum: on March 18, 2009, the Federal Open Market Committee (FOMC) announced that it will increase base money by purchasing another $1,150 billion of securities. It is also considering increasing base money by extending credit to private households and small businesses.

Read the entire piece lewrockwell.com and sing along in the same ole refrain, get gold and silver.