Inflation record

For the innocents among you who thought it was over : in July, the consumption price index in Belgium rose by a staggering 5.91 % on a yearly base. The fever keeps rising but the "doctors" are away on other urgent missions.

And inflation in Belgium is only a minimal part of the global trouble that is brewing.

We are going to live some very interesting times, believe you me. Stagflation should be the least of our worries. A deep recession with runaway prices and dwindling assets look ever more probable. Remember the 1930s ? They might give you some idea of what is coming.

The experts of the IMF, just recently awakened from a deep comatose slumber, now also predict that the economic and financial crisis has not yet run its course, but has in fact just started.

The worst economic and financial crisis of the last 100 years has started, but the "doctors" are away on other urgent missions, in Belgium and elsewhere. They simply do not have a clue as to what to do, or what the remedy is. Wonder doctors ! Dangerous fools !

1 comment:

Pablo Carpintero said...

The more I think about it, the more I am convinced that there is but one major problem with this world : greed. All other problems can be traced back to greed.

The real name of Satan is Greed. Greed creates all sorts of desequilibria, and desequilibria create crises.

And we all are guilty, in various degrees of course, but no one is innocent.

Greed is the original sin.