Mother of all deflations: why the coming crash will make the Great Depression look like a small technical correction (buy, financial)

[Taggerung]

Originally Posted by anononcty

'trillions' of dollars. TRILLIONS of dollars-YIKES!!!!

Oh, don't worry, the USD is far above the laws of finance and economics, so we have nothing to worry about.

[SWFL_Native]

except it won't be deflation it will be stagflation with countries printing money to service debts.

[Taggerung]

Originally Posted by SWFL_Native

except it won't be deflation it will be stagflation with countries printing money to service debts.

The central banks can print all they want, they can't win against the deflationary forces. And I mean deflation in terms of real, honest money ie silver and gold.

[NORTY FLATZ]

Took a tour of the "Bureau of Engraving & Printing" (BEP) back in 2008.

During the tour, the docent remarked, "The BEP prints 529 million dollars every day." (Most of this, to replace torn/tattered notes.)

To print those notes, they use 18 and a half tons of ink a day...

Whilst there, I bought a full sheet of $2 notes.

[lieqiang]

Originally Posted by Taggerung

it's like Disneyland compared to what's to come.

Must be frustrating to have it always around the corner eh?

[jlawrence01]

https://americanliterature.com/child...sky-is-falling

[mathjak107]

[beachmouse]

Originally Posted by Tencent

The preppers are living in a fantasy world.

There WILL be massive poverty but there will NOT be anarchy or a collapse of any systems.

American standards of living will plummet, the welfare teat will grow and the rich will live in private enclaves with security a lá Nicaragua style. In other words we'll look more like Latin America.

And Americans will gladly and actively work to make that happen because they assume they’re the ones who will be living in the compound neighborhoods and not the favelas. Current White House Resident has broad support to reshape our economy into something like Brazil with its highly protectionist trade policies

Me, I don’t want to live in Brazil - high cost of living and low standard and quality of life compared to recent vintage America, and in general a hog waste lagoon of a country if you aren’t part of the top 5%

[Tencent]

Originally Posted by beachmouse

And Americans will gladly and actively work to make that happen because they assume they’re the ones who will be living in the compound neighborhoods and not the favelas. Current White House Resident has broad support to reshape our economy into something like Brazil with its highly protectionist trade policies

Me, I don’t want to live in Brazil- high cost of living and low standard and quality of life compared to recent vintage America, and in general a hog waste lagoon of a country if you aren’t part of the top 5%

I don't either. I used to work in Costa Rica that's the best it gets , still a lot of wealth inequality.

But I am determined to stay ahead technologically so I can be in that top 5%.

[Thatsright19]

Sir, this a Wendy’s drive thru....