On the Brink of Inflationary Disaster

Ever since Ben Bernanke began his massive infusions of money into the financial system, many analysts (including me) have been worried about the severe weakening of the dollar if and when the fractional-reserve-banking system magnified the initial injections severalfold.

Although the trend could reverse, data from the past two months suggest that the inflationary big one may be upon us.

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