Commentary: Money, Food, and Inflation

Get Ready For Food Costs To Rise
#1018c

Given 06-Nov-10; 13 minutes

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The monetizing of the debt (making fake money to buy our debt at the tune of 600 billion dollars) could catapult this nation into disastrous financial consequences. In devaluing the money, we create inflation, making our currency worthless in terms of buying food and other items. To deal with this problem we can cut back on discretionary purchases. Sadly, we cannot consider food a discretionary item. If we couple the monetizing with inclement weather, we may have some black horse conditions in the near future.


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