INFLATION WILL BE PANDEMIC IN THE WORLD
Why will this happen?
This is happening because of the excessive printing of US American Dollar. I can PREDICT that we will see how the infamous QE (Quantitative Easing), such QE 4 to QE 17 + (???) will be in the agenda of Mr. Barak Obama and Mr. Bernanke to cope with huge USA financial problems.
This situation will affect all world economies, but most to countries whose economies are dollarized and are not so strong. The other factor of local inflation is that many countries in the world are printing their own currencies (Argentina, Venezuela) in order to pay their debt and carry on their local projects.
We will see at the end of 2013 that prices of commodities prices will soar and especially edible agricultural products, might reach from 20% to 50%. Based on this upcoming event we will enter into “The New GreatDepression around 2017-2018 that might last another 10-12 more years”.
How do USA and these governments will try to deal with this problem?
More Taxes, more laid offs, etc. on one side
What will happen to USA?
More inflation means trillions; quadrillions of US dollars maybe Quintillions will be printed in the next 3-5 years and USA will go into a “New Great Depression with Hyperinflation”. We will see how the prices of good and products will soar from gradually to spiral dramatically.