Tuesday, November 11, 2008

Massive Inflation

One needs the humor of the last post before viewing this interview of Jim Rogers, who argues:
  • We will see a "massive inflationary nightmare";
  • Whenever there has been a printing of large sums of money, six months to two years later inflation (type II) smashes into economies;
  • Governments all over the world are printing money (basic supply and demand: supply up, demand down (eventually), therefore price down = each denomination buys less).

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