It's true that the fixed income and wage earners are behind the curve. They get paid in yesterdays dollars and charged at tomorrows prices. For them they are always losing. Stability used to count for something. A union could bargin extra dollars to make up for it and get the workers ahead. There was almost a balance. But no more. Now they are falling behind faster than they can bargin. It's true that at the rate of printing that gold will have to be over $5000 in 3 years. So let's say it doubles. Food and energy double and the fixed earners collapse. Sound like a recipe for serious troubles? Yup.

In EE's day he held his money in ores until the peso inflated to crazy amounts then took it in cash. He kept the cash and waited for some value to return to the cash. Fine if it's one country and the cash doesn't get wiped out. In our case it's the whole world doing it like a race to infinity. We got rid of the penny and soon nothing will cost less than $5 so off will go the loonie and toonie. The next jump will be the $10 mark followed by $100. Before this happens they will tell people that the only way to get an uptodate exchange is to go cashless entirely. Enter Visa and Satan, oops, I mean Master Card. (Good to see them get charged for rate fixing). You'll have to go with the plan because you'll want to pay for Chinese good with your American Express in CAD exchanged at the second's inflation rate. Of course, by the time you enter your pin number the stores computer will have raised the price 2 - 5 percent wiping out the advertised savings. For the elderly who are not so digitally nimble this could end up costing them dearly...