Superinflation

The devaluation of Western currencies is bad for the working poor and holders of 'paper' assets …

A few months ago I wrote that rising prices would soon become 'everyone's problem'. Shortly after that, Russia invaded Ukraine, and the West erected a new Iron Curtain in response.

This cuts off Europe from the world's major suppliers of natural resources, energy and manufactured goods. Restricted supplies of goods combined with unprecedented levels of m…