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Default Deflation Depression III~ Versus the Myth of the Salvation of Hyperinflation
Meanwhile we suffer hedge fund managers and politicians who don’t know history.
They rush into unproductive assets and programs.
They ignore 125 years of clean natural gas reserves, nuclear energy permits, 1000 years of coal that can be scrubbed and domestic shale oil reserves larger than Saudi Arabia.
They favour dangerous green global warming electric car sunstroke windmill delusions fostered by the Norwegian Nobel Committee, Various Royalties, Corrupted Academics and the Academy Awards.
Washington, Jefferson and Lincoln warned us to beware foreign entanglements and divisive demagogues. They asked US to look up and ahead to secure the blessings of liberty for future generations.
With Constitutional free markets instead of more red tape and lobbyists, the price of autos, electronics, energy, food and homes would be approaching zero.
The natural state of a free economy is gentle deflation that enables and encourages savings.
As productivity and supply increase, prices go down and savings go up.
Deflation is not a curse, but a blessing in disguise.
Leave it to corporate monopoly government to figure out how to raise the cost of everything and reduce the availability of healthy vitals.
The current Government Motors Union orchestrated attack on NUMI Toyota may backfire, since TM manufactures in the USA.
At the end of the day, the cause of our budget and trade deficits crippling financial markets around the world is simply spending more than we make or save.
Our grandparents and Charles Dickens told US in David Copperfield:
