How Long Will Inflation Go On While Deflation in the Real Economy Worsens?

We know that there has been inflation in the monetary base and the necessities around the globe. Inflation of all inputs necessary for economic growth is rampant. Meanwhile, deflation in the real economy is getting worse.

The major culprit for this is the U.S. quantitative easing. Of course, many central banks have engaged in QE as well.

In light of QE, the purchasing power around the globe is decreasing.

The U.S., Japan, Korea and Europe are facing the inexorable forces of debt.
Chinese version of capitalism is running its course, given its overstated GDP growth, bubbles and inefficient financial system.

We are all concerned about the outcome of the U.S. policy and the damage that may be inflicted on many parts of the world.