Most of America is in league with the Fed devil. We secretly hope and believe the Fed money machine will continue to work, so our mortgages can be paid off with cheaper dollars. We have met the enemy and he is *us*.
1) Jobs are going overseas, where dollar-induced inflation is less.
2) The bubble WILL burst, forcing a severe social and financial crisis upon us (say I).
3) Government-supplied estimates of inflation are gross understatements. Financial media like CNBC are virtual propaganda mills, diverting public attention from the real cause of inflation: too much (fake) money in circulation.
4) There aren't enough Iraqs, Irans and Koreas in the world for America to exploit. Every time there is an international crisis with a military dimension, foreign dollars return here. Eventually, this game too will END.
Thank you for the cogent analysis.
3) Government-supplied estimates of inflation are gross understatements. Financial media like CNBC are virtual propaganda mills, diverting public attention from the real cause of inflation: too much (fake) money in circulation.
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Too much truth in one paragraph, you will set off the truth detectors and the thread will be overrun by people who believe that flipping a house within thirty days of purchase actually creates new wealth.