tag:blogger.com,1999:blog-6758770623162438423.post2734884522066836038..comments2023-09-28T04:27:48.195-07:00Comments on Goatmug Blog - Financial Perspectives from the Mountain Top: INFLATION OR DEFLATION - MISHISMS...../ Dollar ChartsGoatmughttp://www.blogger.com/profile/06717166521459240516noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6758770623162438423.post-54213179476134663882009-11-10T15:57:31.229-08:002009-11-10T15:57:31.229-08:00Hell yeah, deflation.
Mish is the only one out th...Hell yeah, deflation.<br /><br />Mish is the only one out there who seems to have a clue to what's coming. And I'm not sure he sees how bad it it really is.<br /><br />The problem is... (drumroll) People confuse CURRENCY with CREDIT.<br /><br />If we were printing currency via the treasury, sure we'd have inflation.<br /><br />But we aren't... We're issuing DEBT. Which has to be paid, with interest. Create too much debt, and it 'runs away with you.<br /><br />And if that credit isn't out circulating creating 'stimulus', it's just going to make for a bigger crash.<br /><br />I give it one and a half, two years on the outside before we have to flush the global credit 'currency' debt based system.Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.com