Posted on 05/23/2013 9:13:00 AM PDT by blam
Finally someone mentions deflation and collapsing monetary velocity... Deflation is far, far, far worse than inflation. Deflation is what Bernanke fears most and why the fed won’t tighten too fast.
The truth is the truth.
Yep... and the key is to be wisely invested in those necessities. Like traditional energy companies.... food retail and distribution.... textiles. Not facebook, google, wind energy, etc etc.
In my case: chickens, a couple of cattle, goats, a garden, a natural spring on my property and solar power.
I don’t have it all yet, but that was my “full” to-do list when we moved here. We’re still working it.
“There’s a term in chess called zugzwang,” writes Michael Sivy at Time, “which describes the point in a game when it’s your turn to move but every move you could make would worsen your situation. That’s pretty much what the chessboard looked like for Ben Bernanke this morning.”’
"“A premature tightening of monetary policy could lead interest rates to rise temporarily” Mr. Bernanke pontificated, “but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further… High rates of unemployment and underemployment are extraordinarily costly…”
It’s also why
GET THE HELL OUT OF DEBT.
Is the safest thing for you and your family.
Deflation is also inevitable - Bernanke is trying to push back a boulder with borrowed money. Eventually interest rates WILL rise, and when that happens, he’ll have the choice of deflation or hyperinflation.
You’ll be fine. 2020 is the endgame right now with the debt.
food retail and distribution.... textiles. Not facebook, google, wind energy, etc etc.
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anything that leverages the consumer is toast ,, advertising companies (meaning google , yahoo , facebook etc. which are or incorporate tools to target advertising)
having 10 acres and a herd of goats sounds pretty good...
I’m thinking of “investing” in USPS “forever” stamps as a handy currency for small purchases...
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