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Puncturing Deflation Myths
Just throwing the other side into the mix
http://www.financialsense.com/fsu/editorials/amerman/2009/02...
Which way will the wind blow?
Feds, save us from deflation!
I beg of you Federal Reserve, please save us from the evil deflation. Please do anything you can to keep these evil lower prices from destroying us. Please let the printing presses go wild.
Then when this "deflation spiral" is done our banks an pockets will be filled with dollar bills. These dollar bills will then rip through our economy in an inflationary spike. Then... we'll be in real trouble.
As you guys can tell I'm being a bit sarcastic. The central bank in Germany did the same thing in the 1930s. At first they printed the hell out of German Marks with little consequence to inflation. Germans kept holding onto their dollars expecting prices to continue dropping. When prices started going up the Germans went out in masse and spent the hell out of their money. This caused an inflationary spike which the government never got control of. You guys know the rest of the story.
JOhn
* Source: "The Mystery of Banking", Murray N. Rothbard
Not exactly
The Germans didn't hold their marks because they thought prices would continue to drop...they held their marks during and immediately after WW1 because there was nothing on the market to buy.
They didn't print the hell out of the Mark to battle a deflation...they printed the hell out of it to fight the war.
The US dollar of 2009 is nothing close to the Mark of the early 1930's.
What do you think about the war on drugs?
How about Operation Wall Street?
Shout it today!
http://www.youshouts.com/index.php
My gasoline has gone down
but my groceries have gone up.
New Hampshire and Ecuador
Pretty bleak because either way it ain't good
"Reality is the leading cause of stress amongst those in touch with it."
--Jane Wagner
A Republic, If You Can Keep It
Here is my question...how do
Here is my question...how do we tell when we are in deflation? Rather than taking some guys word for it.
Question - When will the market trend change
from deflation to inflation? I keep hearing deflationary warnings like this article along side people like RP and PS warning about inflation.
It looks to me like the key at this point is to know how and when to trade these two trends?
It already has
Look at the price of gold since November.
Compare ^DJI to GLD on finance.google.com.
What's happening now is the currency is inflating but the equities and commodities markets are tanking faster.
But don't worry. With their new tools Obama and crew can inflate the currency faster than the market drops and make it look like it's rising. B-(
= = = =
"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."
That means: For each job "created or saved" about five were destroyed.
That is the million dollar
That is the million dollar question!
Is that million dollars
REALLY a million dollars in gold or fiat dollars before or after Inflation or Deflation. LOL
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
I have been following your reccomended articles
and was hoping you already had the million dollar answer.