Son of a bitch, "the inflation" is fucking real as the sky is blue. Moreover, inflation on most things is sticky. When deflation happens, it will be for the housing market and things where demand makes the most difference. Also, low skill labor wages will deflate, and are doing so currently, but minimum wage increases are preventing the worst of it.
Is the printing press in overdrive "fake and gay"?
Here's the thing, despite QE 1 through whatever, that shit was in a circular loop between the Fed and Wall Street. In this latest stimulus they gave tons of money directly to the masses, most businesses, and a shit ton more directly to every unit of government in the country which in turn went out and bought new fire trucks and gave low income housing grants, etc. etc. which also went directly to spending.
I have, for a long time, largely agreed with your notion that deflation is next (as you know, we sold our house partly because of this; we didn't wanna be geographically stuck, permanently, if the price plummeted).
However, in the longer-term (3-5 years), I think that there is the potential for Peter Schiff's predicted scenario to start playing out. He says "we're not Japan; we're Argentina", implying that we will go through waves of increasing inflation at the same time as we go through waves of economic downturn (aka, stagflation).
When you think about the current government debt situation, it's hard to imagine that austerity and tax increases will be enough to buy our way out of it (+$100k per US citizen, not even counting the fact that most people don't work or pay taxes).
I hope austerity and deflation are the route we take, because, even though it will break the economy, at least we won't be using some kind of gay digital panopticon currency. Outside of some kind of "great reset" scenario (a.k.a. here's your new digital rainbow dollar, we're starting over, globally), the only realistic way to continue the debt cycle is more waves of "transitory" inflation, via QE, etc.
Good grief, fuck. Ok, so when gold dips during deflation, I'm going to buy a lot more physical. It's not a great investment, but they can't steal it over the Internet.
Son of a bitch, "the inflation" is fucking real as the sky is blue. Moreover, inflation on most things is sticky. When deflation happens, it will be for the housing market and things where demand makes the most difference. Also, low skill labor wages will deflate, and are doing so currently, but minimum wage increases are preventing the worst of it.
Is the printing press in overdrive "fake and gay"?
Here's the thing, despite QE 1 through whatever, that shit was in a circular loop between the Fed and Wall Street. In this latest stimulus they gave tons of money directly to the masses, most businesses, and a shit ton more directly to every unit of government in the country which in turn went out and bought new fire trucks and gave low income housing grants, etc. etc. which also went directly to spending.
Whether the money is paper, or 1s and 0s in your bank balance, the result is the same.
Inflation is a weapon aimed at the middle class, the printing press is the chatter of machine gun.
Pysop? You're so jaded that you think you see the psyop behind the psyop, when the OP, nothing particularly psy about it, is to inflate the debt away.
I have, for a long time, largely agreed with your notion that deflation is next (as you know, we sold our house partly because of this; we didn't wanna be geographically stuck, permanently, if the price plummeted).
However, in the longer-term (3-5 years), I think that there is the potential for Peter Schiff's predicted scenario to start playing out. He says "we're not Japan; we're Argentina", implying that we will go through waves of increasing inflation at the same time as we go through waves of economic downturn (aka, stagflation).
When you think about the current government debt situation, it's hard to imagine that austerity and tax increases will be enough to buy our way out of it (+$100k per US citizen, not even counting the fact that most people don't work or pay taxes).
I hope austerity and deflation are the route we take, because, even though it will break the economy, at least we won't be using some kind of gay digital panopticon currency. Outside of some kind of "great reset" scenario (a.k.a. here's your new digital rainbow dollar, we're starting over, globally), the only realistic way to continue the debt cycle is more waves of "transitory" inflation, via QE, etc.
Global war will catalyze the direction.
That doesn't sound good. I'm gonna look it up.
Good grief, fuck. Ok, so when gold dips during deflation, I'm going to buy a lot more physical. It's not a great investment, but they can't steal it over the Internet.