Great article! Spot on. 

No, not at all. What I meant is that the effects of hyperinflation are  catastrophically worse than anything else we are currently experiencing or can imagine.

The effects of inflation (higher prices for most goods and services) are everpresent and ongoing because inflation created by the Fed never stops. So expect that to continue. You should be happy that we haven't had to experience hyperinflation or credit collapse and deflation. Hopefully we can avoid hyperinflation, but the end result is still economic depression. 

The world economy is funded with cheap, over leveraged credit. A credit collapse this time around will likely overwhelm anything the Fed can do to stave off total economic collapse. End result would be full-scale depression.

Interest rates on 20-year US Treasury Bond have more than doubled since last August from less than 1% to more than 2%. The corresponding drop in value of the bond itself is more than 20%. Those are huge moves in a bond market that is already over leveraged and teetering precipitously.

Thank you!

I don't know. I think you might be right, but I'm sure he has input.

Thanks for your comments. You are correct. I will have more to say about MMT and gold in my next article.

Correct. The higher price for gold is a reflection of the corresponding loss in purchasing power of the US dollar; which is an effect of the inflation created by the Fed.

Point 1: I am not at all "defending the Fed", as you say. Nor, did I use the word "relic" in reference to gold; or say anything similar to that. The Federal Reserve has destroyed the US dollar over the past century by continually expanding the supply of money and credit. That debasement of the US dollar has led to a decline of more than ninety-eight percent in its purchasing power. That decline in purchasing power is the reason for gold's higher price over time from $20 per oz. to $1700 per ounce. Point 2: Some gold investors are way too price conscious; nay, price-dependent is a more accurately descriptive term. They seem to be constantly in need of higher prices to justify their predictions for gold. Point 3: The purpose of the article is to point out how each time higher price expectations aren't met, the price predictors trot out the price suppression argument. If they understood and accepted the argument for everything it implies, then they would already own physical gold and they wouldn't have to defend their errant price predictions. Point 4: The case for gold is not about price. It is about value. Gold's value is in its use as money and its value is constant and stable. It is the original measure of value for all other goods and services. Gold's price tells us nothing about gold. It tells us what has happened to the US dollar; nothing else.