The First Stage of Inflation Has Already Hit, Next Up Is the Currency Collapse
Phoenix Capital Research
ZeroHedge.com
12/17/2010
One of the biggest misconceptions about inflation is that the US Dollar needs to collapse in order for inflation to occur. While a currency collapse often accompanies periods of heightened inflation, this is not necessarily true.
Case in point, the US Dollar actually rallied this year despite commodity prices exploding higher:
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