From his blog today: http://www.urbansurvival.com/week.htm
"Now, here's what absolutely must happen at a policy level in order to kick the country out of deflation - and this window won't be open too long: A policy decision will be made at the highest levels - and you may not even hear about it being made - that what America needs to survive is a good dose of inflation. Look at the PPI data trend - the last line in the table and it should scare the hell out of you:
March finished goods dropping 1.2% means an annualized rate of deflation of 15.4%.
Pop Quiz Time!
Name one large country whose government has just bet several trillion dollars of future taxpayer generated revenue (and ask what a 15.4% collapse in revenues will do to financial stability/viability of said country): ____________
See how inflation is now the only option?"