Can any anons or Jews tell me, what's the next 5 years of inflation look like?
As I understand it, you can't just shut down inflation very easily, once you grow the inflation to say.. 7% or 8%, you've got walk it back down in steps, 6%, 5%, 4, 3, before you get to a healthy 1%-2%.. otherwise money all jumps into bonds and other debt instruments, slows down the money multiplier too suddenly & can shock the economy to a halt.
Last time it got this high, (which is more than twice the average inflation we've had over the past 30 years) was back in the early 70s, and it didn't get this high as quickly either.. even back then it got worse & was stuck up there for 10 years before starting to slowly descend over the next 5-6 years..
So basically.. its a great time to take on a big chunk of long term debt, like a mortgage, because in the next 10 years, your loan will be half the intrinsic value..