I'll tell you one even worse. It is already happening!!
While you are saying "I'm going to watch for inflation, I know how these guys work and I am watching now!", they are out buying the long end of the curve supressing real interest rates, and providing a false sense of security of a strong dollar and supressed Gold.
Inflation comes in tame to practially nothing because that is how they engineered it. They can not tell you the real rate of inflation is 8 fricken percent or you would notice the increase in all your consumable products and you may revolt. We are already paying right this second.
It even gets better. When inflation does get here you feel insulated from the value of your rising equity in your property. All the while the Government is receiving cash payments every single second on the tax paid on inflated purchases of goods and services. You receive nothing just the calming perception that you in fact have grown in worth - but that is a big illusion! It is not real. What is real is the cash they are stealing each and every second you are hypnotized!