The Invincible Inflation

It has broken 13 year old record. And still there seems no stopping it. Inflation is killing. The Rich and the Poor are suffering together. What could be the possible reason for such an unstoppable sprint? One reason for sure is that this is the outcome of the Sub-prime crisis in the U.S. The big financial institutions taken aback by the mortgage crisis have taken billions of dollars out of the U.S. real estate market and pumped that money in to the Oil market and the Developing economies like India. That has caused the rise in international oil prices as well as caused inflation in our country. As has been said by Iran President, the rise in oil prices is all fake as their is no shortage of oil, and infact the production has gone up only. This supports theory which says that American Depression has been spread all over the globe due to heavy dependency on U.S. Dollar in global trading. As suggested by Mr. Ahmedinjad, this could have been avoided had the trading being done in some other solid currency. Moreover the oil price rise has also contributed to the already inflating economy of ours. So the coupled effect has hit our economy real bad. Some thing strong needs to done and that too quickly, if we want to save the Indian Ship......