Deflation would mean FALLING gold prices. So which is it?
"Will 2010 be a 1930 or, comparable to 1937? Is it different this time? When one nation state of a formerly high productive stature destroys itself with inflation, the untouched others can soften the blow and in time bail out the fallen one. This was Germany’s fate in the 1920’s. In our current instance, most all of the world’s economies are on their knees with some hurting worse than others. Who can help with recovery this time? There is no one. It will not be China as some suppose as China shall suffer the same systemic collapse as the U.S, and all of Europe, Russia, and South America. China’s neighbors Japan, Taiwan, Korea, India, Indonesia and others will join the fallen."
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“Deflation would mean FALLING gold prices. So which is it?”
I agree, I don’t get it. Deflation means too few dollars chasing too many goods. Either I’m totally dense or this guy has no clue.
On the one hand he says that the government is printing too much money to pay its debt, which would mean INFLATION, on the other hand he says that we’re going to have deflation. UH?
I read a pretty good article today that predicts hyperinflation in 2010. The writer based his opinion on the fact that the government had to pay $5 trillion of its debt in 2010. To make those payments the Fed will have to sell $96 billion worth of Treasuries every week. They will end up being forced to buy their own Treasuries which will bring us the type of inflation experienced by the Wiemar Republic following WWI. Fire up the printing press Ben.
We are experiencing deflation, but gold is having it’s own counter-trend bubble right now.