Government spending extremes - still the key issue lookingNeither republican or democrat governments want to rein in spending.while holding the reigns of power.
They are hypocrites that use reckless spending as points of contention against each other nonetheless.
The democrats in power hide behind a smoke and mirrors illusion that is simply lies about the spending going on that isn't reining in spending at all.
They've just had it down to a slower pace of recklessness in the past year, but that has already changed with the bank bailouts.
There's a great deal more to come with so many banks on shaky ground, it spells a great deal more inflation to come with it.
The bailouts are one of a slew of debt creation anomalies to add to the bundle of reckless money creation extremities that will morph to becoming a runaway inflation nightmare.
Then there's the republicans, spendthrifts themselves when they wield the power.
Now they are the hypocrites getting down on the dems for their reckless spending putting up a false facade of being fiscally responsible all of a sudden with the debt ceiling debacle currently playing out.
Its their opportunity to make themselves look good , but its bogus through and through as they have been as equally guilty of non fiscal restraint whilst in power themselves.
They will ultimately come to mutual terms, raise the debt ceiling to avert a default and rampant spending after all the posturing is through will continue.
The point of this is that inflation is not beat, its not going anywhere but back up and worse, much worse.
Inflation is here to stay as the factors driving it are alive and will remain alive and well taking the dollar down and driving gold up with it.