I agree. As Fascism and Communism close the circle near each other, hyperinflation and catastrophic deflation close the economic circle near each other. They are both way out on the extremes and therefore close the circle as, like you said, two sides of the same Krugerrand.
That said, I was asking for your opinion what you think will be the outcome of this entire episode. When you say we will see both, one after the other, than are you voting “10” on my scale.
Speaking just about hyperinflation, and not discussing deflation at the moment, are you convinced it is coming, no ifs, ands, or buts?
Are you voting “10”.
In the debate between the deflators and hyperinflators, there are two team captains. One is Schiff for inflation, the other is Mike “Mish” Shedlock, on his excellent blog and elsewhere. Both make strong arguments. I don’t know if the unwinding credit will deflate into a black hole faster than govt’s can inflate (Shedlock’s position) or not.
But I’d read Mish every day, to get his side.
http://globaleconomicanalysis.blogspot.com/