I think also on the matter of #inflation, we have a real, real issue in this country. Inflation would not be a big issue but the level of debt makes it a huge issue. We should have inflation, but we don't. As a matter of fact, the fed is terrified of deflation. One thing the...
...Fed does have correct is the need for inflation. We need it because inflation makes debt sustainable. Inflation is growth. Right now, there is no inflation. Rates are running below the rate of inflation. This normally should be hyper-inflationary. It's not. What the Fed...
...knows and will never admit is that the Financial Crisis after effects are lingering on the US economy, and on the world economy. Bad debt is destructive to nations. We have HUGE amounts of BAD DEBT, and growing. Bad debt is deflationary to the REAL ECONOMY, and inflationary...
...in the FIN ASSET ECONOMY. That is exactly what we have today. That is why bubbles will continue to be blown up and popped for the foreseeable future.
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