Inflation Watch:

Several readers sent this:news item: What’s the Beef? Food-Inflation Fears

G.G. sent this: How Hyperinflation Will Happen.

Flavio sent this linkio: Mortgage Interest Rates May Hit 14 Percent Within Two Years. Flavio’s comment: Anybody who has a mortgage with a variable rate or which must be refinanced at a later point before it is paid off needs to get out of that type of loan and into a fixed rate loan if at all possible. Or you had better dig through your loan paperwork and find out what the cap on the interest rate is, because there is a good chance you’ll hit it.”

G.G. sent: The Road to Stagflation.

Did you notice that spot silver is now approaching $19 per ounce, and spot gold is now around $1,240 per ounce?