Monday, July 05, 2010

Deflation is in Our Future

Most people living today haven't experienced deflation. In fact most people have based their life on the opposite which is growth and inflation. Democratic governments derive their power from promising ever increasing growth, prosperity and entitlements-i.e. a political inflation. So what will be the end of western democracies? Deflation. Deflation on a scale not even seen in the Depression era, because we did not have the size of government then that we have now. Save your money and have some weapons for self defense handy.

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