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Default Deflation Depression III~ Versus the Myth of the Salvation of Hyperinflation
The Jubilee generational inflation cycle may well be over, having destroyed 98% of the dollar versus gold since 1913 and 86% of the dollar since 2001.
US Baby boomers are about to retire, get sick or die.
Not too many of us will be greeters at WalMart, which bought American until founder Sam Walton died.
Can we learn anything from Japan’s two lost neoKeynesian decades?
We acknowledge the 10% 1980 definition CPI, the pre-1994 definition 22% real unemployment, the decline in discontinued M-3 and various money supplies from +18% in 2008 to -3% in 2010 and the +9% peak in real annual GDP under Reagan in 1984 versus -6% now.
http://www.shadowstats.com/alternate_data
Declines since 1984 were largely due to corporate monopoly government legislated, directed and enforced theft.
The good jobs were exported by Trilateralists, with illegal immigrant service labour favoured by people like Geithner, Pelosi and Reid. California and Nevada lead the nation in illegal immigrant labour and government taxpayer subsidies.
http://www.nowpublic.com/world/timothy-geithner-owed-back-taxes-employed-illegal-immigrant
http://www.lasvegassun.com/news/2009/apr/14/percentage-illegal-immigrants-highest-nevada/
The Unions got benefits and pensions we could not afford. We can’t even pay Medicare and the Social Security Trust already spent by kleptocrat politicians giving themselves better deals than their constituents.
Monetary hyperinflation without productivity can only increase debts, deficits, deflation and depression. Inflation means import costs, including cars and electronics at Amazon and Walmart, as well as oil, soar beyond American incomes, particularly with 22% out of work. Government checks with COLAs defined down since 1980 do not work. Government healthcare bureaucracies do not work. We are going down and that is a fact of life the government monopoly headline media ignore at their own peril.
