So this guy’s biggest fear is deflation?
So this guy’s biggest fear is deflation?
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The Phillips curve was debunked by Milton Friedman, the best economist the world has seen since Adam Smith.
Governments can only effect economies for good in a very short time span, after that they cause ruin. In trying to protect from ruin after their mistakes they only cause more ruin.
The US capitalist system has been the goose that laid the golden egg for the world for the last 200 years. We are killing the goose.
While it is possible to have deflation, if we did have it it wouldn’t last long. The dollars are already let out, someone has them and are only waiting until the right time to use them to buy up everything they can at fire sale prices. That is why I tell people to convert all the money then can into precious metals.
Get out of debt. Even mortgage debt. Financial institutions will call loans when they get short on money. they won’t be interested in refinancing and if they do it will be for horrendous rates. Get out now while you can.
The radical Democrats that infest our government who have been elected by the ignorant electorate who have been purposely kept ignorant by the press and education system are all about the ruin of our economy. They want the US Capilist system to fail so that they can take over and manage who gets what. In other words they want you to treat them well and they will let you eat.
The only way to be secure is inflation proof money and getting out of debt.
Do I know how crazy I sound? Yes, I realize how it sounds but it is the handwriting on the wall that I see.