VIN SUPRYNOWICZ: A mission for further economic ruin
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How do we know the dollar supply is going up at 10 percent a year? We can’t be positive — Mr. Bernanke’s gang decided last February that we peasants no longer need to see this number, known as the “M-3 monetary aggregate.” But 10 percent is a reasonable extrapolation from other numbers still reported, and from what the Fed was doing 10 months ago — with even more furious printing activity likely to follow, as the proud authors of the Washington Fiscal Death Spiral seek to inflate their way out of the actuarial bankruptcy of Medicare and Social Security.
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Of the three things we need — honest money, private schools, and ending the dole — this article address the dishonest money we are currently using. At 10% inflation, we can’t keep anything. No wonder that real estate, stocks, collectibles, and commodities are off the chart!
Reinke Faces Life 