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recession plus inflation = stagflation
That's the situation we are entering. Add the massive debt load and the loss of manufacturing industries, it will be a more severe stagflation than in the 70's. Hyper-stagflation.
Houses will continue to lose value, wages will not increase and all commodities will go through the roof (read: oil, food). Loads of money will be printed in an attempt to prevent deflation, dollar will collapse further, destroying savings and people on fixed incomes.
Gold reached historic record breaking prices today at $880 an ounce. Just a few years ago it was $250. All inflation.
Dr. Paul is the only candidate who has a clue and now they are trashing him with phony charges of racism. The system will do anything to destroy this man now.