Thanks to China, the Fed's rate cut and asset inflation can continue

China is raising fuel prices by up to 18% and crude oil price is coming down. The Fed must be very happy as this provides better justification for further interest rate cuts (if Wall Street still wants it). Inflation speculators should also be very happy because negative interest rate will enable them to continue inflating asset prices. Everybody around the world should be very happy except the poor consumers on the street.

Imagine what your life may be when retail fuel prices go up by 18% now. The only foreseeable certainty is that I will become poorer. I must spend less in order to survive, eat less, drink less...I will have no more additions for the new season, no new DC, no new computer, no new phone, ... Yes, the increase in fuel prices will trigger a recession in the retail consumer market. Yes, that may curb inflation at the end. But when will such wonderful dream come true? Perhaps, it won't come until you and I have become so poor and desperate that we are going to kill for survival!

Global social disorder seems to be inevitable. Administrations around the world will try all means to suppress discontents and the harder the suppression, the stronger the discontents. The poor, the weak, the deprived, the undeveloped and the exploited will begin a long struggle for the rest of this 21st century. And all is caused by energy, speculations, negative interest and inflation.

The future will look very bleak when our baby boomers retire in the next couple of years. There is no escape: costs for health care, social security, food, etc., must go up and up. Inflation will be even more uncontrollable and administrations worldwide can only print more money to cover up the hollow situation.

Now you guys should agree with Alan Greenspan why inflation is deadly. It is already too late!