Statistically speaking, if he predicts the same thing every year for the rest of his life, he stands a good chance of being right one time before he dies.
Of course, there's also the dirty little secret that I've been talking about for years. The Federal government has a vested interest in under-reporting inflation levels, since this is probably the most politically expedient way to face the insolvency of Social Security and Medicare (i.e., allow for cost-of-living increases that don't come close to reflecting actual increases in living costs).
Author could have written only the last sentence:
“Instead, we get a universal agreement that the middle class must continue to suffer so that the Fed and financial speculators can continue to revel in the charade.”
.........and saved a lot of ink.
The collapse has already happened for most of us.
Economics and finance has never been a law of God or even nature. When the market was free or mostly free, it mimicked such laws of cycle and long term balance.
But the last 7 years prove that is no longer the case.
They are games whose rules are changed at a whim by the few who control the “new gold” which is credit and the ability to create it.
The system is now so rigged by artifice and obfuscation that “herd law” and “panics” no longer self regulate excess, they have become domesticated as a way to harvest profits for the insider at the expense of the outsider.
The retail investor and small businessman have been made sheep for the periodic shearing and culling.
Rather than a sudden epic crash, until some outside force greater than they that control the Fed and international finance intervenes such as a man made, natural or divine disaster, the death by 1,000 cuts we are witnessing can go on for decades.
Or not.
Tracking trends, histor and citing academic
You’re a lucky man. You must not have to buy food, gas,healthcare or put kids through college.
Other than those things, their isn’t much inflation /s