![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPrvXrLV7ToHSW3gHVvVmcygWUs92CXW7BE6tUN7PZ1n6/image.png)
Like a deadly cancer, it’s growing and intensifying. And we are nearing the tipping point.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmUvL82cXWXmEfi2rcyoNQtmwxtBWxeVZdkA4N1oGkuJEx/image.png)
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James Rickards –
"The Fast Track From No Inflation to Runaway Inflation"
(Right-click title to see original story)
(Image source)
– Flash Points –
1 – A currency crisis is inevitable.
2 – The crisis will result in a total loss of confidence in the US dollar.
3 – Inflation is already here – growing like a cancer.
4 – Central banks will soon lose control.
5 – Soon afterwards, we will all realize that we too have no control.
– Synopsis –
The economy is in crisis, but the Federal Reserve’s only solution is to throw more money at it. Those foolish money-printing policies might destroy confidence in the US dollar.
Confidence, or Lack Thereof
The dollar and all other fiat currencies have no inherent value, only assumed value. And they can maintain that value only as long as we remain confident in the currency.
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmUfeSsovqSQiebpBbZp4UBnQY66GAbQ7xRZYMpnTALa1t/image.png)
Inflated Bubble = Inflation
Nevertheless, while we may not yet be experiencing consumer-price inflation, we are certainly experiencing asset-price inflation. Plenty of it. The stock, bond, and real estate markets are all at dizzying, nose-bleed levels. They’re in wildly inflated bubbles. That’s inflation.
Eventually, inflation will also hit consumer prices. Nobody can say when that will happen, but it’s unavoidable. And when inflation hits, it will most likely spin out of control.
The 4 Stages of Money Illusion
Inflation will come through 4 stages of what Rickards calls the “money illusion.”
1 – The “Feel-Good” Stage – Central banks print more money. It starts to trickle into the economy. We receive some of it, and think that we are getting richer. 2 – The “Have-It-Under-Control” Stage – We notice that prices are getting higher. But we believe that all remains well. We trust that the central bank knows what it’s doing, and that it will never allow the situation to get out of control. 3 – The “Uh-Oh” Stage (so named by @majes.tytyty) – The central banks lose control. Inflation gets out of control. We start to understand what’s happening, and we suddenly realize that we have no control. 4 – This stage can take either of two paths. One is “Hyperinflation.” The other is “Shock Therapy.”Shock or Hyper-Shock
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmRKh8uZxBuob82qvJosjapXvKXVYuoAApayFSwY96dHcL/image.png)
It’s not. (Image source)
– Insight from Outside –
As James Rickards outlines so clearly, inflation is already here. Like a cancer, it may not be noticeable. But like a malignant cancer, it’s growing and intensifying. And we are nearing the tipping point.
1 Pizza for the Price of 10. Woohoo!
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmcDkrQKXmovrtuwotXLjKPbgmKzpAfLmCKyitK7jMRkgt/image.png)
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Posted via Steemleo
Are you there @majes.tytyty? I need help
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Good morning. What's up?
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@tipu curate
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Upvoted 👌 (Mana: 15/20 - need recharge?)
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Hello friend where did you go to? I was away from steem for some time. Thanks for all the good times I appreciate you!
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I'm still here. I have not been posting as much, since I'm teaching some English lessons most days.
But I intend to remain active on Steemit.
It's good to hear that you're back. The price of Steem is starting to climb, so it might be a good idea to stick around and get active on this platform.
Cheers!!
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Steem is doing better now aside from the issues and fight going on right now but I am sure it is for good. Many people have come to know about steem because of the fight going on. It's more like a publicity stunt lol. I wanted to have a little private chat. Where can I find you?
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Try me at SteemChat
https://steem.chat
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Hola @majes.tytyty.
Tu Publicación Ha Sido Votada Manualmente Al 100%.
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To support your work, I also upvoted your post!
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