Inflation is a fact because money creation means inflation. Real Money is going up, that is gold. Fed is pumping enourmous amounts of money in the system and when you would come to Europe with your dollars you will immeately feel how high your inflation is. ((much higher than in Europe)
Correct, you can't buy shit in Europe with the US peso (Starbucks tall latte ~ $6), this is going to be brutal for US businesses needing to import goods and energy related resources form anywhere in the world. The jig is up.