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Old 02-07-2013, 12:24   #33
beforeobamabans's Avatar
Join Date: Jan 2009
Location: Crossroads of America
Posts: 5,592
The interesting thing about deflation is, it benefits those who do the exact opposite of inflationary defensive tactics. Because this generation has never experienced deflation, everyone will be deep in trouble before it dawns on them that this ain't inflation (witness tactics discussed above). In deflation, your dollar buys more tomorrow than it does today so cash is king. Debt is anathema because you will pay off a loan with increasing valuable dollars. This is why the indebtedness of our government and our private sector will be a stubborn problem for at least a decade, maybe two.

The only way out will be real austerity.
G17, G26, G30SF, Gen4 G23

"They that can give up essential liberty to obtain a little temporary safety deserve neither safety nor liberty." Ben Franklin

Last edited by beforeobamabans; 02-07-2013 at 12:27..
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