It Will Be Currency-Induced Cost-Push Inflation

Yesterday afternoon, Susan and I went to see Zero Dark Thirty. We loved the movie. It’s amazing what the affect of just ONE dedicated person can be. One never-say-die lady was responsible for finding and killing Osama bin Laden. Every one of us can make a difference.

After the movie, we had dinner with David Young, a musician friend we met here in Miami last year. Somehow the conversation turned to the economy and he said, “I am a pretty good judge of the economy. Last year I traveled to a different city on 40 weekends. Business is way off, and has been falling for a long time.”

David sells spiritual music that he plays on the flute, the kind you would hear in a SPA or elevator. He produces his own CDs and he sells them at art shows and to small retailers. He has witnessed, first hand, the decline of the “small business” in America. He used to sell to 3,000 small shops and now he has less than 100. These small businesses were the backbone of the US economy, so he is keenly aware of the decline of our Middle Class. He met Harry Dent on a cruise and was impressed with what he had to say.

That’s when the discussion got interesting.

Read More at Miles Franklin . By David Schectman.

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The Sound Money Institute is and educational organization dedicated to the stability and soundness of the United States Dollar. Faced with unprecedented pressure to spend beyond its means the United States Government has pressured the Federal Reserve Bank to monetize the debt or in other words they are printing currency to fund deficit spending by the US Treasury.

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