Deflation Message Board - Msg: 25117727

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Non-Tech : Deflation

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To: Rarebird who wrote (454)	10/28/2008 2:19:57 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 621

I have never known anything but inflation as a solution to monetary problems [Japan being an exception]: < they must expect rising inflation moving forward. > King Midas syndrome is normal. Something for nothing is attractive because found wealth is what hunter gatherers lived by for millions of years and it's in our DNA. Owning a money printing process is about as tempting as it gets. When the idea that printing more will save the world combines with self-interest, it's a done deal. Money is being thrown around like confetti and money will have similar value. Zimbabwe is doing it now. Many many countries have done it over centuries. It's surprising that US$ treasuries are seen as "safe" when they are just pieces of paper representing no asset other than the power of the mind of Congress to maintain its value. Big Ben has prepared for this all his life, he has studied and announced years ago that deflation can't happen and that he has fleets of helicopters at his disposal to make sure it doesn't. We should take him at his word. First deflation, as the leveraged lose. Then the inflation as the tsunami of money is swapped for something, anything, which will retain value, or gain. Mqurice

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