John Loeffler Steel on Steel The Four Stages of Inflation

10/04/2008

The Four Stages of Inflation

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Bailout bailout bailout. It's hard work ramming something through congress that Americans don't want. Unfortunately politicians and the Fed are between a rock and a hard place now: they can't afford to do something and they can't afford not. This is what happens when a country enters advanced stages of inflation; all pain and no gain.

Today's first guest is Jim Puplava from the Financial Sense Newshour (www.financialsense.com) to explain the four classic stages of inflation since the U.S. and much of the West has set itself on this self-destructive course. Once you're on it, you can't get off.

Then we'll examine the Violence Against Women Act; well-intentioned but now causing a lot of unintended consequences against people it shouldn't. Time to reform the act. Ron Grignol comes on board for this part of the program.

John's boralogue ties up loose ends about the economy, the bailout, socialism and exactly where we're headed despite the blather.