Silversurfer, inflation is a two edged sword. For too many years it's made living too easy. I reckon we'll be seeing the other side of inflation soon.
Papering over normal weakness in our economy rather than letting the market process the needed correction/s has led most individuals into a reality barren world of believing many erroneous things i.e. our government/politicians will take good care of us, some businesses really are too big to fail, we can pull ourselves up by our bootstraps and actually pay the $ 16 trillion debt off by government spending less and taxing more.
I fear for most U.S. citizens (including myself) who are going to be challenged with very difficult obstacles resulting from the coming inflation.
My last post addressed QE/money printing until certain economic goals are reached. IF this tactic is employed by our central bank no one knows how much will be printed.
As a result of printing dollars until specific economic targets are met other countries will have more incentive to flee the use of dollars in their international trading.
These two factors - money printing & foreign abandonment of the dollar as trading currency between countries - could easily feed on each other to speed inflation/devaluation of the dollar to warp speed.