Posted on 08/01/2010 1:43:54 AM PDT by citizenredstater9271
This video provides shocking details about the future of America's economy. It's a MUST WATCH.
LOL! Inflation is a pipedream. Japan’s been inflating their money supply at 4 times the U.S. rate for the past 21 years and they’re still stuck with deflation.
Debt is deflationary.
Accumulate too much debt and you get...deflation.
Did you watch the video?
Doom and Gloom is understatement for this. Comparing U.S. with Zimbabwe totally makes this a ridiculous video.
The policies which have worked: Let people who make mistakes collapse. Let people who are competent take over assets from the incompetents.
That process in itself would put 3/4 of congress out of a job.
Zimbabwe is used as an example for what happens when a country simply prints money to fund government debt.
It could have just as easily used Argentina, or 1920s Germany.
The U.S. has let quality production go overseas -- we have become a predominantly services economy, selling insurance and investment plans to each other
“Debt is deflationary.”
Not if the debt is monetized.
Better hang onto that 3 pounds of silver I got.
The free market is gone forever. The only way we can bring it back is by ending the FED and going back to gold and silver.
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