Posted 2 years ago on Aug. 25, 2012, 8:24 p.m. EST by richardkentgates
This content is user submitted and not an official statement
So, before you read this article, keep in mind that the difference between the Great Depression deflation and deflation in these times, is that bank accounts are mostly FDIC insured in today's banks. The working class will not lose their life savings this time. And housing is already in deflation so it can't fall much further.
Japan has been experiencing deflation issues for 15 years. Deflation is not the equivalent of a depression, that is how investors and Wall Street sell it because it means they lose money, but that doesn't mean the entire economy does. It's another scare tactic.
The FED needs to begin allowing for controlled deflation. If they do not, we will see hyperinflation. The clock is ticking.
Economic policy needs to be stripped from the FED
Interest on printed money needs to end.