Close, but not quite accurate.
We’ll see hyperinflation re necessities (obama is already causing this re energy, and entirely on purpose), but deflation of all non-necessities. Since non-necessities make up the majority of the world’s economies, this will mean few people will be able to afford necessities.
This is a recipe for utter disaster, and it’s almost too late to change paths...
“We’ll see hyperinflation re necessities (obama is already causing this re energy, and entirely on purpose), but deflation of all non-necessities. Since non-necessities make up the majority of the world’s economies, this will mean few people will be able to afford necessities.”
Deflation looks like it is in the cards. China is the clincher.
I knew something was up when gold dealers on TV started advertizing selling at dealer cost with little or no commission. That told me that the smart money was selling their hoard or at least a lot of it.
I know the story about hyperinflation replacing deflation but when? You better have some cash on the side in the meantime.
Maybe Helicopter Ben will given every home owner 100K in cash if the fhit hits the san this time. Maybe that will help get it going.
We owe the Chinese lots and lots of money. Just Friday it was announced that the Green River oil shale had about as much recoverable reserves as the entire rest of the world. http://www.freerepublic.com/focus/news/2882771/posts?page=41
The biggest item in most people’s budgets is a place to live. While homes could deflate still further, rental costs will likely inflate.