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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (90435)	11/18/2008 5:13:35 PM
From: Proud Deplorable	8 Recommendations Read Replies (4) \| Respond to of 116555

A friend of mine owns a restaurant in Vancouver. I just talked to him 20 minutes ago. He's not lowering prices, he's raising them. A combination of things is causing prices to go up on necessities. Items people don't need might be going down in price but hey...who needs them anyway? For the most part consumer spending on those things are coming to a screeching halt but I don't see how this is deflationary. The governments are pumping money into the system like there's no tomorrow but you can lead a horse to water but can't make him drink. This is the worst crisis in confidence we have ever seen but its poetic justice. This system is so corrupt it doesn't deserve to survive in my opinion. Consumers are on strike against the system that destroyed their lives and wealth and have decided that they are fed up with lies and phony stats from the government, fed up with lies in the financial media. This has nothing to do with deflation. Money isn't being destroyed, its being withheld, hoarded and the government is trying to pump more money into the system because of this. It won't work. Consumers are fed up with this system for now and the forseeable future.