The world economy is experiencing a severe recession or depression. This has been preceded by a steep inflation in nominal stocks of money across the entire world. Central banks control these money stocks or money supplies. They engineered a global credit boom by inflating their local currencies. They did not do this on their own hook. The governments of the affected countries wanted loose credit so as to engineer real estate, construction, and industrial booms. Along the way came stock market and commodity booms. The building booms were part and parcel of their national economic plans and manipulations. Governments and … Continue reading Global Monetary Inflation