TRY PRINTING MORE MONEY
The fly in the ointment, however, is that this inflationary default scheme can never work. Central banks have buried the world in massive malinvestment and unsustainable credit fueled growth that will eventually collapse. So a classic hyper-inflation will never break-out because there is too much capacity in the world economy to permit labor, commodity and industrial prices to explode.
Damn. My crystal ball is cloudy today.
"...the data for Italy shows the real scam behind the deflation scare...Its nominal GDP has been essentially flat for seven year running, yet is public debt has continued to rise inexorably...it is buried in a debt trap.
ReplyDeleteMoreover, Italy is only an advanced case of the universal condition in the DM economies. Stated differently, the specter of deflation is not about economic analysis or honest monetary policy options. Its just a cover story for an intended fraudulent default on public debt of monumental proportions...."
So, is this the lie that is coming soon to an economy near you?
Thank goodness the millions being "invested" by Liberals and PCs in private business such as Northern Ontario dairy farm expansions, etc. won't have to come from us taxpayers. It's just borrowed money...
ReplyDeleteIs it too late for an addition?
ReplyDeleteBuild a cabin, stock up on ammo, convert your cash to gold and silver.
And just like wolves drooling at the lips, moving in for the kill, governments around the world are ready to pounce on the trillons of personal savings to keep the squandering spending spree going...tj has it right!
ReplyDelete