There’s seems to be no other way around this scenario playing out.
The FED has done their best to forestall this cycle with QE et al, but the underlying conditions remain.
BTW, I can’t blame the FED for trying if you consider the position they were in.
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 1930’s 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.
The video is the best illustration, especially when you see the child in the video as us adults 40 years ago. The day has come.
https://www.youtube.com/watch?v=Li0no7O9zmE
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 1930’s 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.