Quote Originally Posted by Gandalf View Post
The dollar is dying, and will continue to decline. Food prices are at record levels. Is that not inflation? Give it a few years when they double. That will not be inflation too? Even the UK is suffering. But wages are not rising? Well no. Kirkland says so. Ha, so wrong.
Food inflation is down to supply and demand, it's not being affected by monetary policy. Bad harvests and other non-monetary-related issues are causing food prices to jump. Nothing whatsoever to do with what the Fed is doing. Maybe you can show how the Fed is creating inflation in the food sector of the economy while not creating inflation elsewhere, hmmm? Of course you can't.