Some folks here think Deflation would be a good thing. Higher US Dollar and their increased buying power. If they recalled a little history, there was a time during the US Depression of the 1930s in which people were out of work and hungry and the producers of food were dumping their stocks in an effort to gain some pricing power.
Inflation is Pure Theft of VALUE by the Money-Changers and the Government. 98% of the Value of our Dollar has been STOLEN by both since the creation of the Federal Reserve Corporation in 1913.
1. Deflation is a good thing for those not in debt, it will take a whole lot of deflation just to get back to 1971 when the THEFT of VALUE really took off. For those with DEBT, life Sucks and will really Suck soon.
2. The depression had a 25% unemployment Rate, I would argue it is MUCH Higher right now, 102 Million Americans of Working Age are Unemployed, there are only 93 Million Tax Filers, 50 Million are collecting Food Stamps, welfare, subsidized utilities,... there is a whole host of WELFARE programs that we Never Had before, which is how it is all hidden, if we had soup lines and massive little Obama camps like they did in the 30’s there would have been a Revolution Already.
Serious question, how does the reduced value of my savings end up in the pockets of money changers and government?
I realize inflation is a bad thing for me, I just don't understand how it benefits them.
Thanks in advance.
I tend to agree with some of what you posted, however when you invoke the “Money Changers” it smells of conspiracy thinking.
Inflation is theft but it can be dealt with.
Deflation is NOT A GOOD THING.
We are in a deflationary cycle now, and if you think unemployment is bad now, well, it’s going to get a lot worse.
So, if you are without debt and have lots of cash and have no need to get that cash from being employed?, then deflation will be your best friend as your buying power goes through the roof.
But most of America is NOT in that situation.
Look up the Long Depression for an example of what happens in a free market deflation.