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Monday, 27 February 2012

Inflation — The Final Blow

The developed economies of the world have opened the money spigots, hardly the policy response one would expect if there were truly signs of an economic recovery underway.

The massive money and credit creation is sitting in the banking system like dry tinder just waiting for a spark to set it ablaze. How quickly it happens is anyone’s guess, but once it does we are likely to be enveloped in a worldwide inflation unlike anything before ever witnessed...more

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