Choo Choo

From Bloomberg:

The “rampant printing of currencies” won’t immediately lead to inflation as banks reduce borrowing and asset values decline, Bass, 39, wrote in the March 2 letter, a copy of which was obtained by Bloomberg News. “The greater concern is the potential inflationary time bomb that grows as governments continue to borrow, print” and stimulate economies.

You will have seen a stream of artciles here at this blog explaining how we are headed for significant increases in inflation associated with sovereign induced currency impairment and debasement. Unlike Mr. Bass, quoted in this article, I do not believe the US dollar will be immune at all. Indeed, it could be the greatest victim of global sovereign risk impairment.

Just remember when everyone says again, no one saw it coming, you saw the light at the end of a tunnel here, and yes, it was a freight train.