The Crash is past, Comes now Inflation

…So, essentially, what we

Other than the process of vetting a doctoral dissertation, defending the past is never a winning choice for an extended period of time. For Wall Street and U.S. elites, defending the past has led us into the worst financial crises since the Great Depression. But, worse, they are attempting to continue defending the past by pouring billions of dollars in new liquidity into the rotting financial system each day, creating a classic case of macro-inflation. I.e., wheat prices jumping 46% in just two months.

What this means is our standard of living will be declining ten to twenty percent a year, each year, for the next several years. Here is one of the first glimmers of how this is going to play out:

Soaring Food Prices Pose Threat to U.S. Aid Federal government to scale back donations and reduce number of recipient nations, complicating already strained efforts to combat global hunger.

Is a Democratic President likely to change all this? Each of us will have our own answer.

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