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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (25270)12/7/2009 1:34:17 PM
From: benwood  Read Replies (1) of 71456
 
That's deflation due to prior fiscal insanity, and I'd agree with you there. It's more a case of everything unraveling ala Enron death spiral.

But the deflation in the US of ~20% over the course of the 80 years preceding the formation of the 'inflation fighter' Feds was largely due to manufacturing and farming productivity gains, and that illustrates to me that the thing to fear now is the rogue side effects created by the Fed's actions, not deflation per se.

But we'll get that chaos, mayhem, and reset anyway (got a preview last year) thanks to the massive distortions in the economy and the financial sector.

So in the end, I believe the thing they claim to fear will actually have been much more benign, had they allowed it to occur e.g. in 2001, than the result of years of snake oil medicine. Of that, I have absolutely no doubt.
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