Automation and wage deflation are what is eating up any chance of inflation going forward. This is something that has been taking place for 20 years and is only accelerating.

The US being over 100% is still a drop in the bucket. Look at Japan and China.

I look for sovereign debt to implode, starting in Europe and the Middle East. Those are the two most vulnerable if you ask me. The EU has more problems than most imagine.

It is a ticking time bomb ready to go off.

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