Inflation is the result of having more dollar bills than you have value in the dollar. If a paper bill represents one dollar of value, then you print another bill, you have not created more value, you’ve just made your original bill worth half as much. When foreign nations guarantee our mammoth debt by agreeing to hold on to their dollar bills, we are basically stealing from them by printing more. Jeff Takada gets the impression that China, Japan, Russia, and the European Union do not like being stolen from and would expect that if the trend of government directed inflation continues, these nations will simply cash in their debt, collapsing the American economy. Not only that, every dollar printed puts more purchasing power in the pocket of the federal government while eroding the money in your wallet, savings account, bond accounts, retirement plan and college fund. It is an invisible tax and Jeff Takada, as your representative, will work ceaselessly to halt inflation, the printing of money, the snubbing of our jittery creditors, and the decay of your life savings.
