The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: robert b furman who wrote (26022)	1/4/2010 7:47:19 PM
From: ayn rand	1 Recommendation Read Replies (1) of 71456

Q: What do you think about Elliot Wave theorists like Robert Prechter and Harry Dent who say we're in the 3rd wave down in a Grand Super Cycle? They claim that the government will not be able to "print" their way out of the deflation. What are deflationists missing? A: The Federal Reserve, if it wanted to, could print the money needed to have the Treasury send a check for $1 million to every U.S. household. In this scenario, would Robert Prechter still believe we will see deflation? It is not difficult to print your way out of deflation. It is the easiest thing in the world for the Federal Reserve to do. We went through the worst period of forced liquidations in history yet we don't have lower prices of any consumer goods. What we do have is gold near $1,200 per ounce, which is the best indicator that massive price inflation in consumer goods is coming. Don't believe the government's phony CPI index that says we don't have inflation. Inflation is already here right in front of our faces. -national inflation association

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