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US Economic Policy, Inflate

The problem with all this will come decades from now when inflation kicks in. It will be 10 years before we start to experience hyper inflation. This number was not pulled out of thin air; it is based on long term oil contracts written in dollar terms. China and USA both have 10 year contracts to receive millions of barrels of oil at a ridiculously low cost. As long as oil is cheap, global inflation can be kept in check by Fed and Gov manipulation. However, when supply strains are real, there is no manipulation that can save the day, you either pay more or be without. […]