If wages increased by the annual CPI then no worries, you'll own your house in no time if you have a job.
But problem is that wages have not kept up with CPI!!!
Hence things become more expensive and your debt becomes harder to service due to increasing interest rates as a result of inflation.
IMF are really smart aren't they?? Even they believe in high inflation. There is so much debt that the only solution they can think of is to inflate it all away.
If this is the best they can come up with then the world is in serious trouble.
