Can someone tell me how you can have deflation with fiat money?
B/c the amount of money created out of thin air by Wall St schemes over the last 10-20yrs dwarfs the amount of money being injected by the Fed.
The de-leveraging, declining values of homes/market/bonds, etc. has decimated trillions & trillions of leveraged capital.
Keep in mind, we have fiat money compounded with fractional reserve banking, excessive gov't/corp. debt, consumer credit, deficit spending, leverage/margin, & every other ponzi-scheme known to mankind unraveling.