Posted on 07/10/2012 9:26:53 PM PDT by DeaconBenjamin
“Won’t get into who the real Power behind this is, but if you’re Christian, read your Bible...”
Yes!
I am not an economist (and don’t play one on TV) but it seems as though we are in the midst of a depression far worse than the 1930’s. Why it doesn’t show is because of the constantly growing mountain of debt and constant printing of money to support all the people that would normally be working and creating things. People are not in bread lines now. They can happily stay home and watch their widescreen TV and use their (free) cell phones.
Normally printing money would cause hyperinflation but because of the other factors (they are hoping) it will even out......until it won’t any more.
Gas prices might be less than they were 4 months ago, but they're nearly twice what they were 4 years ago.
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sfl
Destruction of wealth (perceived & real) can happen with either inflation or deflation.
It depends on what is considered wealth. Money? Real Property? Business Property? Gold?
The real disaster is when you have both. Is that possible? Yes, inflation followed by a total deflationary collapse.
Do I think that will happen? No human knows.
This is NOT a business as usual situation. We are in uncharted waters. And it is a global problem.
God bless the United States of America.
Not again...
A danger to banks and to debtors.
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I've seen more people predicting mild deflation followed by high or hyperinflation. How would we reach the result you predict?
Government will act to re-inflate the currency to prevent a deflation. At some point they will realize it is impossible to re-inflate into a recovery and they will no longer attempt to stimulate. At that point it will collapse into a deflationary collapse.
Problem is, it is now global in nature.
No human knows how this will actually play out.
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