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To: Southack

I sure haven’t seen a lot of that (understatement of year). Deflation means a dollar kept as cash will be worth more goods in the future, not less. Au contraire, it is surprising that prices haven’t gone up more than they have with all the funny money that the Bummer and the Ratgress have supposedly stimulused into the economy. The saving grace may be that banks that get their hands on these newly printed, borrowed dollars are socking them away like they’re going out of style, and so they sit in vaults instead of running around the economy driving prices up madly a la Zimbabwe.


7 posted on 08/05/2010 11:52:59 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: HiTech RedNeck

We are following Japan’s path since 1989, not Zimbabwe.


9 posted on 08/05/2010 11:54:49 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: HiTech RedNeck; Southack

That’s my thinking and observances too. What to do and what to hold? Dollars? Gold?


11 posted on 08/05/2010 11:56:22 PM PDT by onyx (Sarah/Michele 2012)
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To: HiTech RedNeck
The saving grace may be that banks that get their hands on these newly printed, borrowed dollars are socking them away like they’re going out of style, and so they sit in vaults instead of running around the economy driving prices up madly a la Zimbabwe.

Think of it more as impounding more and more and more water behind a weakened dam with busted floodgates.

Lake Missoula can be filled to the brim, and what will be the scablands can still be as dry as a popcorn fart...

...until the day the dam breaks and sweeps everything out of its path.

70 posted on 08/06/2010 11:13:01 AM PDT by null and void (We are now in day 559 of our national holiday from reality. - 0bama really isn't one of US.)
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