President Obama recently forewarned about "unsustainable" deficit spending and skyrocketing interest rates:
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
- Bloomberg
Meanwhile John Williams of Shadowstats.com recently stated
"We will see inflation levels not seen in our lifetime by as early as the end of this year.".
And, from the press:
"U.S. producer prices rose faster than expected in April, government data showed on Thursday, driven by a surge in food costs. "
-WASHINGTON (Reuters)
Remember - the Federal Reserve has expanded our monetary supply by trillions upon trillions of Dollars. This will eventually lead to a run up in prices and daily living expenses. The masses won’t take action until their everyday pocketbook begins to take a hit.
Remember what $5 gasoline did for the demand of hybrid automobiles?
Imagine what $10 gallon milk will do to the price of Gold and Silver.
There is a cause for alarm and yet most of the so-called investors are trying to evoke a sense of normalcy or a bouncing back of the markets. That temporary relief in the markets is caused by the increase in the monetary supply which by economic sense is only temporary in nature. A hyperinflation is coming very soon to an economy near you.
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