HeySwami
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Seychelles,
Good paragraph you posted there .Thanks. So as people pay down debt…then less dollars get put back into the economy thus slowing down the velocity of money and creating depression and the deflation of prices.
I am beginning to think that since the ’08 crash….there is a mood and thinking sentiment of “lets not spend money”. I am in the furniture retail business and I see it daily.So I don’t raise prices yet I cannot not drop them because of fuel/freight costs and rising cost of materials and the Indonesian furniture makers charging more $$ because of a falling dollar and demand for goods in India and China.
We could just well be headed into a long decade of no velocity and stagnation like Japan. Maybe hyper -inflation has no grounds to take hold. The recession mind set will be with us for quite awhile I believe.
I now see that “money” is debt and “money” is credit at the same time.El G,
Thanks for the reply. I do need a reality check when it comes to the news. I watch no television at all and I don’t read any papers or magazines other than Mother Earth News.
I guess i just found it hard to believe that Diebold would even have Romney in their voting machines yet and come up the winner. It seemed like fiction to me. But now I remember that “Truth is stranger than fiction.”
I must confess I was groomed to be an inflationist by being on other blog websites since 2009 but Iam getting the feeling that the depression/deflation is coming because of all the credit that has dried up. I am reading more and more from this site and getting new ideas.
Thanks for your reply. I don’t think I will vote in the upcoming election. I am a Ron Paul supporter at heart.I couldn’t tell if The Onion Diebold video was a spoof or if there was a glitch in the machines. I think I am missing something. I have a feeling it was satire and not true. I am a bit gullible.
On another note…regarding yesterdays gold/silver crash. Did Ben Bernanke give the signal to the big paper short players to crash the metals market after Ron Paul pulled out that silver dollar in yesterdays hearing in Washington and proceeded to berate the Fed chief on national television regarding what is real money and what is not ? Co- incidence… I am sure. right ?
Tommy
