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<p>[QUOTE=&quot;Bluesboy65, post: 1105793, member: 23329&quot;]Hi Happy, welcome to the fray!&nbsp; You will find a variety of opinion on the points you made but in short I believe you are directionally correct.&nbsp; If you read through some of the other threads you will find my take on things like manipulation of CPI and unemployment statistics.&nbsp; Things like our debt level, exporation of inflation to emerging markets, planned budget deficits, the insanity of the Fed&#039;s bailout of the Treasury (bond buying) and the debasement of the dollar.&nbsp; I don&#039;t want to repeat it all here but I do believe the result will be an uncomfortable rate of inflation and that hyperinflation is not beyond the realm of possibilities.</p><p><br /></p><p>I think everyone can agree that 9% unemployment (that is really about 20%) is a bad thing.&nbsp; However it does create slack in the economy that can mitigate the contribution of wage pressure on CPI.&nbsp; I believe that inflation will be driven by an excess in liquidity circulating domestically which will be greatly exacerbated by the liquidation of US debt held by foreign govts which will come back to the US to purchase raw materials and manufactured goods.&nbsp; A couple of events that may kick this process into overdrive will be 1) if/when the dollar loses its reserve currency status (we will no longer have the luxury of exporting our inflation) 2) if/when foreign governments begin a dramatic pullback in their appetite for our bonds.&nbsp; If we do see high inflation, investments in gold and sliver should help people cope.</p><p><br /></p><p>Once again, welcome to CoinTalk</p><p><br /></p><p>Regards, </p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>

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