The new and unprecedented restrictions, both on businesses and with regard to personal movement; for instance prohibiting over seventies from being outside of the house at all, have been extended for almost a month in Ireland, reportedly a decision made by an unknown emergency group. Worldwide restrictions as described have been predicted to result in a depression only equal to the great global depression of the 1930’s.
The apparent consensus view of the cause of high rates of inflation is that it is caused by the money supply growing faster than the amount of goods and services produced. The as called International Monetary Fund and others, some feel are flexing to exploit the situation; with regard to loans, and if 2007 is anything to go by, the eventual buying up of deflated assets which some believe has been a major cause of the current Irish housing crisis.