Always up to date with the latest of Jim Rogers, John Stossel, Marc Faber, Peter Schiff and Ron Paul!
Alot of yelling. But anyway it is always great to hear mr Paul. I would disagree with Judge about those banker incomes. I think that those incomes should be taxed a 100% because they are getting theirself rich with taxpayer money. Now in what world is that right?And another thing. I am not a supporter of the Fed but I have to say that some things that they are doing are nessecery. In the last 2 years when the crisis started almost 50 trillion in world weath is gone. So that central banks are inflating some of that money is a good thing because otherwise we are going to have deflation. Problem is that the Fed is probably going to inflate too much. So I would give inflation in the coming years a good change.
Deflation? There is not a contraction in the money supply. There is no deflation.
If the worlds money supply was (lets say) a 1050 trillion and it is now a 1000 trillion that is called deflation.
What if the world's money supply was 800 trillion and over-borrowing/bad fed practices caused it to go up to 1050 trillion. Would you call a decline to 1000 trillion deflation or simply prices coming back down to earth?
Thank you soooo much for posting these. I had planned to watch the program yesterday, but missed it. Thanks to you, I didn't have to.
Purchasing power has, indeed, declined. But the actual amount of notes in circulation has not. The supply has actually increased.Deflation is a contraction in the money supply.
Deflation is a contraction in the money supply. Not a decrease in the purchasing power of money or a decrease in real wealth.Prices are falling today because the market is bringing them down to levels where they are affordable. Again, there is no contraction in the money supply. Inflation has happened (increase in the paper supply) and continues to happen and we are close to seeing its ugly effects.