James Turk - Writing on the Wall, Hyperinflation is Very Near

Turk stated, “Rising interest rates along with the surge in commodity prices that we have been seeing in the back half of this year is writing on the wall that hyperinflation is very near. If anyone needs further proof just look at what QE2 is already doing. The Fed is turning government debt that the market doesn’t want into currency which is the cause of all hyperinflation.”

If anyone wants to see concrete numbers and analysis that back up what Turk (and Williams, et al.) are saying, see JM Pollaro's piece on what QE and bank behavior are set to do to the money supply, posted here yesterday.