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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.35

+0.7%

Nov 18 4:00 PM EST

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To: TobagoJack who wrote (109445)	1/2/2015 9:42:07 PM
From: Maurice Winn	Read Replies (1) of 217868

I'm watching Richard Quest blathering on about the fears of Euro deflation and the dangers of it. But now he's asking what's wrong with low and falling prices. Maybe they haven't noticed that oil has gone from $140 down to $50. That's deflation writ large. Now Gillian Tett, Financial Times US managing editor, is trying to explain why deflation is scary problematic. This takes me back nearly 50 years to the late 1960s when I was first hearing about the dangers of inflation and how it would be a disaster if it gets up to 5%. Which it did in the 1970s and then a lot more besides. But there was no financial disaster. Just the stagflation and whatnot of the 1970s and 1980s. There is talk of inflation/deflation as being scary alien invaders which come roaring over the horizon bent on destruction. Of course it's just the controllers of money who do it, not magic or ethereal beings from the void. As Big Ben said, deflation couldn't happen because he was able to produce as much money as he liked out of thin air. He could issue everyone holding a US$ with twice as many, or just his friends and sponsors which is the traditional approach. The fall in the price of oil enables a big spendathon by the money manipulators without causing inflation. They will of course indulge that fun thing to do. Since gold is made from oil, the price of gold is going nowhere. Especially as there's no particular panic elsewhere making people buy gold. Which might be the right time to buy it. Given the swarming interest in alternative energy supplies at $100 a barrel, it seems that $50 a barrel is not particularly cheap. The over-amped fears of Global Warming are going nowhere either, with no warming evident. The big deal is the continuing tsunami of mobile Cyberspace and the fibresphere which links it together. Jihad is a bit like the IRA in the 1970s and 1980s. Annoying and quite bloody in spots, barbaric and stupid, but in the big picture, nothing much to worry about. I guess China won't submit. Euroserfs will probably resist, though they are maybe getting a bit late to do so. Russia's small 0.1 billion population will be increasingly beholden to China's 1.3 billion as the silly Euroserfs and Yanks are banned from trading with Russia. Genghis Khan's descendants will end up working in Russia helping develop infrastructure and supplies all the way to the eastern edge of Euroserfstan. Further than they got 800 years ago. Blame Zbigniew. He's still trying to fight the 1930s wars when Stalin ruled and Operation Barbarossa was looming. The umpty$billion hydrocarbon supply contract between Russia and China was a bad start for Euroserfstan. Mqurice

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