....... inflation? Copied from a Kitco blog.
Adjusted Monetary Base:
http://research.stlouisfed.org/publi...
http://research.stlouisfed.org/fred2...
The monetary base are the most liquid currency units. Judging from the graphs the real expansion started beginning Sept. this year.
According to conventional theory for this inflation to kick in will take about 6-18 months (?) from Sept. onward. That would put us at around Feb 2009.