It’s here and it’s gonna get worse as long as Bernanke heads the Fed because there is no way he will ever allow deflation. He’s said it time and again that he will do whatever it takes to prevent deflation, and I believe he is willing to go so far as to inflate the money supply to such a magnitude that it ends up causing hyperinflation and a total collapse of the dollar to prove his point. It’s not unlike trying to stop someone from burning to death by drowning them.
“It’s here and it’s gonna get worse as long as Bernanke heads the Fed because there is no way he will ever allow deflation. He’s said it time and again that he will do whatever it takes to prevent deflation, and I believe he is willing to go so far as to inflate the money supply to such a magnitude that it ends up causing hyperinflation and a total collapse of the dollar to prove his point. It’s not unlike trying to stop someone from burning to death by drowning them.”
That’s because deflation would benefit the savers. Whereas hyperinflation allows the elite to snap up goods as people sell them in an effort to pay their bills. There is a reason commodities are skyrocketing, year over year. Once no one has any money, if not prepared prior, they have no buffer and are at the whim of whichever person (in this case government), to whom they are indebted.