Government tells us inflation is 2% when it is 10.2%. Food and gas prices have increased over the past almost two years by more than 50%. Inflation as we predicted in May 2010 will be 14% by the end of the year, and the result of QE2 will put inflation close to 30% by the end of 2012. If more than $2 trillion is spent on QE3 inflation will probably be 50% in 2013, or hyperinflation. Prices for almost everything are higher and they’ll get higher yet. Inflation is 15% in China and wages are rising. That means export prices to the US and Europe are going to increase as well.
Bob Chapman writes the International Forecaster. He has been spot on in his macro-economic predictions. If you don’t subscribe, I highly recommend it. Be prepared for the next great transfer of wealth. Buy physical silver and storable food