Sunday, September 28, 2014

Deflation: Helps Poor

Central banks around the world and our own Federal Reserve are working to stop creeping deflation. In fact their actions are diametrically opposed to the needs of working people. It's a fact that wages are stagnant if one can even find a job.So the challenge for workers is making meager salaries cover the costs of living.The vast majority need stable or preferably lower prices at stores and show rooms.But the Central Banks answer to governments, corporations and wealthy individuals who all have massive debt to repay.Deflation would bankrupt those three. But deflation will help everyone else.There is no choice. Deflation will come.It will come because of popular demand.So expect it.

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