Sorry to rain on your parade, but you are mistaken.

100% inflation means a 100% erosion in purchasing power. Therefore, twice as many dollars will be required to buy the same loaf of bread.

The PV calculation (which I assume you were referring to) is: amount/(1 + inflation rate)^number years. This is the calculation for arriving at the "discounted" value of a currency, after inflation.

However, when calculating inflation and its impact on purchasing power, you must use the FV calculation, which is as follows: amount * (1 + inflation Rate)^number years

I hope this clears things up for you "government-educated" people out there.

China is once again questioning the Obama administration's policy of "monetarizing" the debt (no, I will not explain this to libtards, they are too stupid to understand anyway). Apparently, the practice is making the Chinese (and other buyers) uneasy. I noticed that the current auctions for U.S. treasury notes are not going well. Here's what tax-cheat Geithner and his band of crooks are trying to do:

1) Sell $100 billion--yes, billion--worth of treasury notes to skeptical investors this week.
2) Sell $900 billion by September
3) Raise $2 TRILLION by year end.

Herein lies the problem:
1) There isn't enough capital in the world to fund these "fantasy" dimocrat budget deficits
2) Because of so much supply, the U.S. will LOSE control of long rates (something it has controlled since WWII) and thereby trigger stagflation
3) The U.S. Treasury has so far bought $116 billion out of $300 billion sold, triggering an 11% decline in the value of the dollar since March
4) Japan, which holds roughly 15% of all US debt, is threatening not to purchase any new debt unless it is issued in yen--a clear sign that our largest purchaser of debt has had enough.
5) In 1931, the Fed was forced to raise rates twice on long-term debt that had disastrous consequences (worldwide depression). We are about to witness depression this year because the US runs huge budget deficits--not surpluses.

Conclusion: Obama and his band of clowns are in the process of engineering a "stealth default" by devaluing the dollar to levels heretofore unseen, triggering a massive selloff of US debt and a de-facto default. Resulting in a depression.

Now that's change you can believe in.

What can you do?
Buy gold, buy Swiss Francs (offshore)NOW and God help those of us who are smart enough to see what these criminals are doing to what to this once-proud country.

It used to be said that the USA builds fences to keep people out, and the USSR builds fences to keep people in.

We are becomming more like the USSR every day as people start to realize that they have to keep the productive people from leaving, so they have something to loot.

God help us.

(can't read the code, take two...)

(too many dots I guess, take three)

"When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded.”

Excerpt from Atlas Shrugged, by Ayn Rand.

Don't expect the producers and achievers – the real tax Payers – in the country to keep on sacrificing themselves to the collective – expect them to leave or go on strike.

So someone launch a "test" ICBM from a submarine and send it up and over North Korea and down into the ocean somewhere as a "dare." Do you think that would ever happen?

Another journalism school graduate writing about things somebody told him... There have to be better articles out there on the eventual impact of such high levels of debt.

The article completely missed the point that expectations of inflation will require higher interest rates to compensate. With just a whisper that the Fed will change from a policy of price stability to one of inflation will drive investors will flee.

The article also said, "And 100 per cent inflation would, of course, mean a 100 per cent depreciation of the dollar." Actually, that would result in a 50% depreciation of the dollar.