Inflation is here, inflation is real, you have your eyes and ears closed in wilful ignorance of facts. The prices are rising, and while at first the money printing was mostly pushing asset prices, for the last few years actually consumer prices have been going up quite a bit faster (actually more like an order of magnitude faster) than the nonsensical government numbers.
Again, there is only conspiracy of ignorance on your part, obviously you are in fact not paying any attention whatsoever to the gradual changes that government introduces into the calculations of inflation and the GDP. As one tiny example last year the GDP calculations started double counting salaries that people are getting in creative fields, like production of movies, authoring books, creating music and such. These are now not only counted as salaries but also double counted as 'investments'. If a business was doing what government is doing in accounting and finances, the business owners would have been investigated for a massive fraud. Since you are not paying any attention, you are not noticing or pretending not to notice of such gradual changes, that's conspiracy of ignorance.
You are clearly not paying attention to the rising prices in everything, from education to health care and insurance, to energy, to food. You are probably celebrating the rising stock market and housing prices as something 'good', while in reality in a growing economy prices would have been falling due to increases in efficiencies and actual productivity.
As is, productivity is falling, not gaining, there are no increases. You are probably a somewhat rational person in other areas of life (you probably wouldn't stick your finger into fire for example, at least not more than once), however you are absolutely willing to cheer for yet another growing bubble in assets, real estate and bonds that the Fed is inflating even though the negative results of the last bubbles haven't even been fixed and will not be fixed because the fixes are not allowed.
All this money printing inflates larger and larger bubbles, they implode and then instead of allowing the economy to work through all the resource misallocations and incorrect pricing information, the government tries to avoid the pain associated with the recession (which is the actual fix to the problem) by printing and throwing even more money into the system. They can do that for a while, but that is coming to an inevitable end.
When I started talking about the inflation problems (more than 5 years ago, by the way), I already saw inflation, which you simply denied existed because you are participating in this wilful 'conspiracy', conspiracy of ignorance. Inflation was here, the inflating money supply was causing rise in the asset markets, now it is also in the bond market. Now inflation finally worked its way through to the consumer market, you can deny its existence as well, and again, AFAIC this is wilful ignorance. If you turn on any radio show where people call in, if you look at all the news, you would not be able to escape all the stories about people not being able to afford things due to rising prices. There is double digit inflation, no less. 8-10% increases in consumer prices (not in the electronics field, here the efficiencies in the free market are so huge, that they negate large amount of inflation), food, energy, utilities, health care, education, basically the items and services that people cannot go without are going up all the time.
Manufacturers do what they can, but you can only reduce quality and quantity inside a package so much, at some point you have to just increase prices, you can't sell 1 sheet of toilet paper at the price of a roll, you can only make that paper thinner up to a point, at some point you have to raise prices, which is what everybody is observing. While those, who run businesses see it much more clearly (after all, they have to know what they are buying and what they are paying in a more precise way), the general public is also concerned about inflation more than about anything else, people are paying more for less and they know it.
The Fed and government can pretend that there is no inflation and in the same breath they can also state that there are 'good news', prices going up in asset markets, in housing markets, etc. They can downplay energy prices rising, they can pretend that food and energy and other costs are irrelevant and they can pretend that rising consumer prices are good for the economy all they like and it is your prerogative to keep yourself in wilful ignorance, listening and agreeing with these people.
I will not stop talking about inflation, it was a problem 10 years ago and it is a much bigger problem today and while 5 years ago I wasn't certain whether USD will be eventually hyperinflated, at this point I have no doubt that it will. The fact that it takes years for this to happen is not at all surprising.
Cancer doesn't kill person in one day, inflation doesn't destroy economy in one decade, both are long term problems and both lead to destruction. In 2007 people were still jubilant about the housing market even though many predicted the bubble will implode since about 2003. So it took 5 years for that to hit and the predictions in 2003 were just as correct as the predictions in 2007, both were met with derision and wilful ignorance.
Nothing changed, people are not learning from history, they are cheering for more asset bubbles today, being led forward under the flags of the Federal reserve and the 'Treasury'.
