At what point do the effects of printing more money ( out of thin air so to speak ) create inflation ?
Peter Schiff tells us that by allowing the government to print more money
( to prop up failing business and stimulate the economy ) we are potentially allowing inflation to spiral out of control - AND PRICES ACROSS THE BOARD WILL RISE!
What i don't understand is at what point do prices start to rise ? and what are the direct causes ? No one seems to know the answers to these questions. Schiffy tells us prices will rise, but why and how ?
Ladies and gents, please correct me if i'm wrong - but this is my take on it -
IF the government(s) keep doing what they're doing our wages will stay the same ( provided we even have a job ) tip top bread will go from $3.80 per loaf to $ 300 per loaf, your house with a $ 500,000 mortgage will be worth $120,000 and to top it off if you lose your job, you'll be broke.
As a young aussie battler i want to know what is going to cause the above scenario, and what to bloody do about it...
Growing vegetables and eating off the fat off the land is a nice idea, but surely i can salvage what's left of my savings/equity before they become worthless.
P.S. Please don't tell me i'm taking this too seriously, i just want some form of insurance lol