Every month consensus economists* and the Bank of England predict inflation will fall, Mervyn King even talks about the threat from deflation – Guido sees that merely as an excuse to justify printing even more money via quantitative easing (QE). QE means inflation is inevitable.

Get your wheelbarrows out, stock up on gold and baked beans. If you can, buy a productive asset, like farm land – it is an inflation hedge and you won’t go hungry. Here comes inflation – as it always does when governments turn on the printing presses…

See also : Coming Soon : Double Digit Inflation, Double Digit Inflation is a Black Swan, Bank of England Pension Fund Surges Betting on Inflation, Yo Dude, Where’s the Deflation?, UK Dec CPI Posts Largest Jump On Record to 2.9%, Growing Unease About Old Lady’s Secrecy, Something Odd in the Banking Bill

*Liam Halligan and Andrew Lilico being honourable exceptions