All the ingredients are in place for high inflation, potentially even hyperinflation, as the Federal Reserve has increased its balance sheet from $800 million dollars in 2008 to $4 trillion today. Additionally, the federal deficit is now running at approximately $1 trillion a year with expectations that it will continue to grow as expenses title to entitlements like Medicare and Social Security are set to surge. This deficit adds to the $22 trillion of US public debt outstanding. This is being carried on the back of a $19.4 trillion US economy. The debt and deficit are truly remarkable in its size given that we are ... (full story)