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Title: The Fed Has Increased The Monetary Base From $850 Billion To $2.2 Trillion! View count: 1063 Rating: 5.0 (10 ratings) Description: Wed, 6 May 2009 Walker Todd, Research Fellow at the American Institute for Economic Research and former Federal Reserve official, speaks with Richard Morais of Forbes about the risks of severe inflation in the near future and gold as an investment hedge against inflation. "To my knowledge, this is the first time since World War II, that any industrial economy, except for maybe Hungary, has tried to expand its money that much in a single calendar quarter; but traditional monetary theory teaches that, with a lag, it can be anywhere between six months to eighteen months typically, that money creation WILL catch up to you, observed by the public, in the form of a rising price level", says Todd. Tags: stagflation, inflation, stagnation, deflation, depression, recession, economy, financial, gdp, cpi, economics, gold, silver, oil, dollar, federal, reserve, walker, todd, american, institute, for, economic, research, Author: hyperstagflation |
