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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (148082)1/5/2015 12:13:43 PM
From: Road Walker2 Recommendations

Recommended By
Brian Sullivan
ChinuSFO

  Read Replies (1) | Respond to of 149319
 
On the other hand, many more don't realize the impact of deflation, and likely subsequent depression. When all that public and private debt is based on declining asset values, and defaults are rampant. And people just plain go broke, and lose their jobs.

We're toying with that now. It's far scarier than deficit spending. Europe may be falling into deflation as I write... if so just watch and learn MM. It'll likely spread to the U.S. And our new R congress will be handcuffed by their rhetoric. Good luck out there.