The Economic Tsunami: Head for the High Ground October 27, 2008

by Will

Will Grigg?s Liberty Minute

October 27, 2008

Those who have survived a tsunami recall that the cataclysm was preceded by a loud sucking noise as the sea suddenly recedes from the shoreline. When this occurs, the only hope for survival is to find the highest available ground before the much stronger reciprocal wave arrives, destroying everything in its path.

In economics there are also warning signs that can be recognized and acted upon. One important warning sign is the volume of fiat money created by the Federal Reserve.

Since mid-September, the Fed has pumped out trillions of dollars in inflated currency. Dr. Gary North, an economist and investment analyst, points out that the Fed?s money creation during the past eight weeks would translate into an annual inflation rate of 341 percent.

That?s the size of the monetary inflation wave that?s going out. The reciprocal wave of price inflation will be many times greater. And time is running out for American households to find the economic high ground.

Let us take back the liberty wherewith Christ has made us free.

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