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RE: An Alternative to “petro-dollar” launched
Inflation is caused by increasing the supply of money, making each fiat dollar worth less and less
That's QE. Inflation is statistically hidden, but is obvious to everyone who is paying the rent, education, medical necessities… or to the ones who know where to look:
Oh, BTW, that was BEFORE Chinese announcement of oil-futures in yuan, @wizardave.
Thanks for your feedback.