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.
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.
The canalization will be global war.
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.
The catalyzer of this all will be global war.
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.
The other alternative: global war.
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 some form of 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 fuck the economy, at least we won't be using some kind of gay digital panopticon currency. Outside of some "great reset" like that (a.k.a. here's your new digital dollar, we're starting over), the only realistic way to continue the debt cycle is another wave of "transitory" inflation, via QE, etc.
There is another alternative to all of this: global war.