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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (48376)	3/6/2002 1:19:09 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

key: Fed inflating at 20% annual rate in super-money !!! that is the base definition of INFLATION price inflation is almost always a consequence after-effect inflation is in the pipeline the main question in my mind is: HOW MUCH SHOULD THAT 20% LEVEL BE REDUCED TO ACCOUNT FOR CAPITAL BURNING ??? my guess is nowhere near half we should prepare for very serious inflation in coming quarters it will (as usually is the case) show up in commodities first super-money is money in regional banks which is lent out in leveraged form e.g. $10M in super-money is held by a regional bank, while $100M is lent out to businesses so super-money is really like concentrated orange juice transport 10k gallons of concentrate, make 100k gallons juice that 20% inflation is leaps & bounds higher than anything in the history of the Federal Reserve but it receives little or no attention by the press and media why? probably because they dont know how to define INFLATION and because they dont know where PRICE INFLATION comes from they regard PRICE INFLATION as an aberration, not a consequence to liberal money supply expansion I have been saying bigtime bigass inflation is being incubated now for the last several weeks bigtime bigass inflation is coming in a matter of 1-3 years inflation is what covers up a decade of binge debt and the resulting broken bubbles of deflation WATCH GOLD IN A FEW MONTHS... IT WILL SIGNAL INFLATION / jim