Get used to the end of low inflation. Prices are going up and we seem to be headed for a period of hyper-inflation, reminiscent of the 1920s in Germany when you could paper the walls with money.

Come to think of it, the Germans would know given their history. That's why earlier this month, German finance minister Peer Steinbrueck told Reuters that governments around the world will need to put in policies to stop hyper inflation when the financial crisis has passed.

The chief economic commentator at the Financial Times Martin Wolf warns that "the U.S. government and British government will never mange their public debt problems. That means "there could be a real flight from these currencies and that would generate, as it did in the 70s, worldwide inflation."

One of the best signs that might be happening is the price of gold. At $1000 an ounce, it tells us there are serious concerns about the US currency and Peter Krauth, contributing editor at Money Morning says the price will continue to climb.

"Consider yourselves forewarned,'' Krauth writes. "Worldwide inflation is now a bigger threat than ever. Expect the IMF to embark on its own monetary printing spree. A tidal wave of inflation could be headed our way."