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You sure took a lot of offense to the comment. Maybe you took it personally?
Someone who has a solid career wouldn't use their "positive reputation points" as an attack.
It's not clear how dramatically increasing unemployment via deflation will help people save more or get out of debt. You're also persisting with the notion that we need to punish spenders and reward savers, but our economy plunged into recession specifically because people began saving more and spending less, which is why the rates went so low. You're saying the recession wasn't bad enough to do any good. But again, how are people supposed to save more without jobs?
Deflation is NOT good for anyone, rich or poor, who have a crushing debt burden. In fact, deflation will compact the society back toward a starting point. Those at the top ( the rich )with too much debt will be hurt, those at the bottom with too much debt will also be hurt. Those in the middle with a job and manageble debt will survive the best.
That is what Deflation is all about, it cuts off two extremes. It pulls the rich back toward the middle class, financialy speaking, and it pools the poor up toward the middle class with social programs. That is how Deflation is designed to work.
We enjoyed a loooong time of inflating assets, now is a time to back off and let the people of the country recover, 99% of Americans, the majority of citizens.
Deflation is NOT good for anyone, rich or poor, who have a crushing debt burden. In fact, deflation will compact the society back toward a starting point. Those at the top ( the rich )with too much debt will be hurt, those at the bottom with too much debt will also be hurt. Those in the middle with a job and manageble debt will survive the best.
That is what Deflation is all about, it cuts off two extremes. It pulls the rich back toward the middle class, financialy speaking, and it pools the poor up toward the middle class with social programs. That is how Deflation is designed to work.
We enjoyed a loooong time of inflating assets, now is a time to back off and let the people of the country recover, 99% of Americans, the majority of citizens.
So you're saying everyone should suffer to help an extremely small minority of people with no debt who will be hurt anyway? Good plan! Just like what a sociopath would want.
Deflation is NOT good for anyone, rich or poor, who have a crushing debt burden. In fact, deflation will compact the society back toward a starting point. Those at the top ( the rich )with too much debt will be hurt, those at the bottom with too much debt will also be hurt. Those in the middle with a job and manageble debt will survive the best.
That is what Deflation is all about, it cuts off two extremes. It pulls the rich back toward the middle class, financialy speaking, and it pools the poor up toward the middle class with social programs. That is how Deflation is designed to work.
We enjoyed a loooong time of inflating assets, now is a time to back off and let the people of the country recover, 99% of Americans, the majority of citizens.
actually no. deflation is a turning of the soil. it punishes ALL who failed, and punishes mercilessly, both rich and poor and corrects excesses and sets the soil to begin again. it knows no class.. it utterly cleanses out.
this has been skipped and delayed since 2008 to today. we are in a global deflationary cycle hidden by lipstick monetary policy via boomers and the queen of england and her peer group protecting their assets and cash coffers.
if the fed had allowed the market to self correct, that would have meant most of the 1% boomers would have had their wealth utterly destroyed. this is how economies regrow in the future as the pie is available again for the masses to capitalize over. one only has to read about how the us economy roared after the great depression.
So you're saying everyone should suffer to help an extremely small minority of people with no debt who will be hurt anyway? Good plan! Just like what a sociopath would want.
You should chill with the personal attacks and actually debate. Your missing some good points.
What did we do in the last crash? Help the financial elite at the expense of everybody else (answered for ya)
you have to understand the demographic of today's fed and power structure. they are boomers..
boomer generation only think about themselves.
when they are gone, deflation will happen.
So why all this Deflation Fear? We see it among many forum posters here as well.
Is Inflation a picture of class-warfare with the rich winning and the poor losing? If so, what does that make deflation?
Deflation is basically a transfer of wealth from landlords, goods producers and retailers to consumers.
Without a doubt, the men and woman fighting so desperately to contain the deflation, choosing to saddle our children with a staggering amount of both debt and inflation, and seemingly willing to crucify the U.S. Dollar in order to try to keep deflation from winning, are panick-stricken by the spectre of the nakedly-defined concept above: they don't want to transfer any of their wealth to the consumers. They would rather destroy America that transfer wealth to the consumers, America's working poor. They don't mind taking, taking, and taking wealth from America's and the world's consumers. That is the natural state of things, isn't it: the rich robbing the poor. That's what our system is set up to guarantee. The other side of the equation -- giving back -- allowing prices to recede is NOT aceptable and must be fought with every ounce of our energy and every astonishing formula of trickery.
We have just passed through a two-decade cycle of inflation, of economic bubble creation, that made the rich much richer and made the rest of Americans more indebted to the rich.
The government tells us we have no real inflation. They have devised a sophisticated formula that essentially ignores all inflationary price gains UNLESS the price increases are matched by rising salaries of common working Americans. Of course, American businesses have also been working diligently to keep American salaries from growing, exporting manufacturing jobs to Mexico, China, Vietnam and India -- turning America into a service economy, with meager salaries and mixed employment benefits. The global economy was a two-edged sword:
(1) to lower production and labor costs
(2) to destroy the power of unions in America
This strategy worked to perfection. Excpet there now is no one left to finance the global economy's attempted climb out of the black hole of depression.
So, we are told, even when energy prices gained 10-fold, when oil flew up from $10/barrel to $150/barrel, when housing prices quadrupled, when higher education costs increased over 1400% percent in two decades, when medical costs, represented by medical insurance premiums gained 10% per year for a whole decade beginning in 1999, when the price of a new automobile increased 1100% in a generation...still, the government assured us, we had moderate inflation.
In fact, we need to re-define the concept of 'inflation'. Inflation and economic expansion are the same thing. Keeping consumer salaries stuck in neutral and adding cheap debt to the picture changes nothing really. Inflation is economic expansion. We have been inflating the economy since 1983 -- and now our overlords in Washington and on Wall Street will do anything to keep this feeding frenzy going, rather than to allow deflation to set in, for prices to reverse, and for consumers to be relieved from the incessant price gains of the past three decades.
Inflation and Deflation are needed in order to fulfill Nature's cycles. There will be another time of inflationary energy again -- a real economic growth, not the fake economic growth of 2009. But, for the time being, nothing and no one will be able to outsmart or defeat the power of the coming Deflation. There is a time for 'filling up'; and there is a time for 'emptying out'.
Deflation is NOT good for anyone, rich or poor, who have a crushing debt burden. In fact, deflation will compact the society back toward a starting point. Those at the top ( the rich )with too much debt will be hurt, those at the bottom with too much debt will also be hurt. Those in the middle with a job and manageble debt will survive the best.
That is what Deflation is all about, it cuts off two extremes. It pulls the rich back toward the middle class, financialy speaking, and it pools the poor up toward the middle class with social programs. That is how Deflation is designed to work.
We enjoyed a loooong time of inflating assets, now is a time to back off and let the people of the country recover, 99% of Americans, the majority of citizens.
Deflation is a technical problem with a monetary system, it's not "designed" to do anything. The poor people are the ones least-equipped to deal with rampant unemployment caused by deflation, and most likely to be in debt that increases in value.
If you want to pull the rich and poor together, income and property taxes used to fund social welfare work, deflation does not.
Well there's an Economy outside of your personal finances. And regardless of what you believe you are tied to it.
Your attitude clearly shows your out of touch with the plight of most Americans. And your dependence upon the rest of the population.
The plight of most Americans? Who's being dramatic?
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