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<p>[QUOTE=&quot;JoeSmith, post: 578151, member: 18021&quot;]I believe &quot;inflation&quot; simply refers to the money supply, not the effect on prices, although eventually it usually results in price increases.&nbsp; Most people call it &quot;inflation&quot; when prices go up, even though that has nothing to do with the money supply.&nbsp; The money supply has increased, as the fed is printing money like there&#039;s no tomorrow.&nbsp; So far it hasn&#039;t resulted in higher prices.</p><p><br /></p><p>Its true that as money becomes more worthless the money you have saved becomes more worthless, and debts that you owe can be repaid with money that is worth less.&nbsp; </p><p><br /></p><p>However, with hyper-inflation, more happens.&nbsp; If we were to have modest hyper-inflation, say 10% a month, people who have money in the bank aren&#039;t going to let it sit there, they&#039;ll take it out and spend it, because prices are going up so fast.&nbsp; This creates a boom of sorts.&nbsp; However, after everyone&#039;s credit cards are maxed out, and all their savings are spent, the demand crashes.&nbsp; Then unemployment soars.&nbsp; Then we have food riots.&nbsp; Everyone gets wiped out.</p><p><br /></p><p>I don&#039;t see that happening.&nbsp; I think we&#039;ll go to a world currency first, within 4 years.&nbsp; The world bank will stop letting us print money, and we&#039;ll crash.&nbsp; Then we have food riots.&nbsp; Everyone gets wiped out.[/QUOTE]</p><p><br /></p>

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