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I also think your wish to see everyone’s life savings via their investing go up in flames wishing for a depression and deflation every day is a pretty crappy thing to hope for.
You are funny. Attempts to protect people from their own financial mistakes is not a legitimate role for the FED. The FED should not seduce people to borrow money to spur economic growth; and it should not attempt to protect them from the inevitable destructive sides of this seduction.
wishing for a depression and deflation every day is a pretty crappy thing to hope for.
My praise of Deflation needs to be qualified. I believe in Deflation as a reality only to be recognized and pursued at the 'right time'. Deflation and Austerity is not a choice anyone would make, if there were choices. There is no choice at this point. Deflation and Austerity is the Black Forest the whole world MUST go through. It is terrifying. And people suffer and die because of this. I understand that. But pretending that this is still in the choice stage, that Deflation is not required, is an illusion, and the attempt to choose this illusion is the reasoning of a weak will, one that does not want to be responsible for people's suffering. THERE IS NO CHOICE. Or, there is a choice. We can have Deflation now, or we can try to prolong in for a few more years, making the problems worse. But the Deflation is inevitable, and will not be shuttled aside. It’s still waiting for us after all those years of FED manipulation and monetary shenanigans.
The problem is that a debt based, fiat monetary system cannot function in a deflationary environment. What we're heading towards is what the Austrian school of economics calls a 'crackup boom.'
My praise of Deflation needs to be qualified. I believe in Deflation as a reality only to be recognized and pursued at the 'right time'. Deflation and Austerity is not a choice anyone would make, if there were choices. There is no choice at this point. Deflation and Austerity is the Black Forest the whole world MUST go through. It is terrifying. And people suffer and die because of this. I understand that. But pretending that this is still in the choice stage, that Deflation is not required, is an illusion, and the attempt to choose this illusion is the reasoning of a weak will, one that does not want to be responsible for people's suffering. THERE IS NO CHOICE. Or, there is a choice. We can have Deflation now, or we can try to prolong in for a few more years, making the problems worse. But the Deflation is inevitable, and will not be shuttled aside. It’s still waiting for us after all those years of FED manipulation and monetary shenanigans.
The problem is that a debt based, fiat monetary system cannot function in a deflationary environment. What we're heading towards is what the Austrian school of economics calls a 'crackup boom.'
NOTHING grows perpetually in Nature, and deflation cycles are needed as much as inflation cycles are needed. Deflation cycles are needed in order to dry out the world of cheap and easy money. Deflation brings prices back down to salaries so hard working Americans can afford housing again, deflation lessens the gap between the rich and the poor, and deflation shifts the national obsession away from speculators and the fast buck and the enrichment of the 1% and back toward the mass of the citizens, this through higher interest rates and safe returns on the growth of savings, which savings then become, at the end of the Deflation Cycle, the fuel for the next organic growth of the investment/business cycle.
America is not recovering. We are just experiencing another Fed-blown bubble. When it pops, we all go down.
NOTHING grows perpetually in Nature, and deflation cycles are needed as much as inflation cycles are needed. Deflation cycles are needed in order to dry out the world of cheap and easy money. Deflation brings prices back down to salaries so hard working Americans can afford housing again, deflation lessens the gap between the rich and the poor, and deflation shifts the national obsession away from speculators and the fast buck and the enrichment of the 1% and back toward the mass of the citizens, this through higher interest rates and safe returns on the growth of savings, which savings then become, at the end of the Deflation Cycle, the fuel for the next organic growth of the investment/business cycle.
America is not recovering. We are just experiencing another Fed-blown bubble. When it pops, we all go down.
so give up everything you have and value to get the process started
so you've converted all of your liquid assets to silver?
I don't like holding onto paper assets (stocks, bonds, real estate, fiat currencies) because their value is dependent on the expectation of continued growth. We are nearing the limits of growth due to peak oil, resource depletion, and the coming energy cliff. This will cause the value of fiat currencies, stocks, bonds, and real estate to evaporate. Silver (along with all other real things, such as copper, wheat, water, etc) does not depend on perpetual growth for its value. Silver is the best of all 'real things' to own because it is non perishable, and it is the most liquid.
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