Inflation Soon to Rear Its Ugly Head
Feb 8, 2011 at 10:49 AM
Over at Zero Hedge, a phenomenal blog on all things financial, Tyler Durden, the site's anonymous owner and manager, sees some disturbing writing on the wall. Consumer credit is starting to increase again. With more and more money starting to change hands, prices are dangerously close to going through the roof:
He concludes, "If that is the case, we may be far closer to Bernanke losing control of the trillions in excess reserves (and a surge in "velocity" or however one calls this archaic construct) than we had expected previously."
Many Austrians have been warning of the effects of Ben Bernanke's outrageous paper printing since he started it in 2008. Based on how many were right about the housing bubble, they should not be ignored.