US Action News

The guardians of the world economy still seem to think the answer to too much debt is yet more debt. Imagine the response, though, if you had asked any of the current crop of central bankers five years ago about the inflationary consequences of pumping trillions of dollars into the financial system.

Rampant issuance of dollars by the United States is saddling China with “imported inflation”, Chinese commerce minister Chen Deming was quoted as saying by state media on Wednesday.

The Fed thinks it can print a trillion dollars, letting the inflation genie out of the bottle and then putting it back in. But our greatest threat today isn’t deflation, as the Fed believes, it’s inflation.

You can make the difference. Glenn Beck explains.

Cost of meat, sugar, rice, wheat and maize soars as World Bank predicts five years of price volatility

This is more than a little confusing. In a moribund economy that would benefit from more spending by consumers and businesses, is it really helpful to make them pay more for things?

Now the Federal Reserve is considering a price target that would generate higher inflation. In recent communiqués and speeches, the Fed has let it be known that it wants to target an inflation rate of 2%.

The sobering truth, however, is that history provides very few examples where dramatically rising gold prices do not point to unnerving instability or disaster.

Treasury 30-year bonds tumbled, pushing yields to the biggest weekly increase since August 2009, on speculation that Federal Reserve efforts to spur the economy will reignite inflation.

Economic issues on currencies, weakening dollar, Phillips curve and inflation. Regulations are destroying jobs.