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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: sense who wrote (156909)4/22/2020 1:16:06 AM
From: Maurice Winn4 Recommendations

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oldirtybastard

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You must be American. Americans have a peculiarly self indulgent point of view. Yes. That's deflation. The entire world's labor has been massively devalued by reintroducing China and its 1.4 billion people back into to the global economy. That's been a drag on others economies for 30 years now.

When you write "the entire world's labor has been massively devalued..." you are not including the 1.3 billion Made in China people who were horribly poor and now are not. The 1.2 billion Indians have also got greatly improved lives.

If you average the value of the 7 billion people and compare the value of the lives of 5 billion a few decades ago you will see that the world's labor has been massively revalued not devalued.

Yes swarms of Americans have been relatively devalued but that was a good thing. Those devalued people are fat, have fantastic Cyberphones, Cyberspace, amazing cars, refrigerators etc etc. Some even have air conditioners. Few get excited by having a colour tv let alone a black and white one. They are better off.

Made in China has not been a drag on my economy. It has been amazing. I can buy tons of things for a fraction of what I used to pay. Made in China has been great for Americans too.

You're playing with words. Deflation vs inflation. It's the meaning behind the words that matters. Dilution of money over 100 years was inflation. Short term credit glitches, market clearing and fear and panic causing price falls is deflation. Engineering, science, software, economies of scale, disintermediation is improvement not deflation.

Governments steal those improvements via dilution and pretend it's good because they con people into thinking "Deflation" is bad.

Mqurice
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