Rahul, Thanks for the great videos! You and Charles Hugh Smith are too U.S. centric. Of course any inflation can be somewhat contained as long as the rest of the world plays along, that’s the wild card, what are the other countries agendas and timelines. We’ll only find out after the fact, my guess is this year. Nick
I think ur right about the velocity of money being at a slow pace right now and I think it has a lot to do with worried baby boomers not wanting to spend any money right now. There are around 75 million of them with their fists clenching tightly on their cash and waiting for the good old days to return(which we all know isn’t). That generatin were pretty good savers so they actually have some capital. But this younger generation has next to nothing saved if not worse being completely living I debt. But they also like to spend. But their spending is debt spending, using their credit cards and not actual capital. I think what will happen eventually is another big crash and desperate Ben will think he needs to stimulate again by giving tax rebate checks to joe six pack and he has no problem going out and blowing his new free check. That probably on a large scale could trigger an ocean of currency to flood the country not to mention dollars coming in from foreign banks. Hyperinflation like the world has never seen. But I could be wrong. We’ll just have to see.
There is nothing “crazy” about the world that we live in as being highly deflationary. These forces are being offset by inflationary forces. There were real reasons that people flooded into USD upon the onset of the financial crisis of 08. Trillions of $ were defaulted on. Boom, bam, presto.. The value of each surviving dollar increased. There will be a fiscal crisis in the world sometime in the future. The deflationary forces will surge forth again, likely with greater force. What remains to be seen is what the US and the world does in reaction. Simply put, people need to stop looking at a US dollar as it appears and look at it as a measure of fluctuating purchasing power. The funded and unfunded debt owed by the US gov’t can’t be paid back….. in terms of the purchasing power promised. This is what the MMT’ers ignore the most.
I spend hours every day researching inflation vs deflation arguments, and the economics behind them.. In the end it comes down to a decision. Does the US say “no” and immediately stop providing half of our country with their means to live? Plus, the US tax code is built around persistent inflation YoY. Gov’t isn’t prepared to function in a deflationary environment. It is sad that they and many economists fear deflation. Deflation brought about by higher productivity is bad? Higher productivity means a higher standard of living, higher purchasing power, fewer hours etc… But the purchasing power associated with debts increases. They falsely fear deflation as the number of dollars earned per week ‘may’ decrease, but the purchasing power earned per week does not(in an ideal scenario).
I think of Economics as a fork in a road. You can go down the austrian road (explanation not needed) or you can go down the road of persistent deficits. The liars will point to decades of prosperity despite reckless spending. These liars understand economics at such a moronic level. The US’ trade deficit actually funds our budget, since the foreign entities recycle their proceeds and buy treasury bonds. Think of the “vendor financing’ that Schiff refers to. Down this path, the charade can only continue to go on (continued false prosperity) so long as our consumers are able to spend at such massive rates AND the foreigners continue investing the proceeds back into the US. Keynesians and others point this out as their proof for why we need to continue. However, common sense tells you that what is not sustainable should not be continued. Our economy is (in a nutshell) like paying off 1 credit card with 2 credit cards, then 4, 8 etc etc. The charade should have ended immediately and relatively little harm would have been done. We now live in a system built on DECADES of this charade. We have been indoctrinated to support this false system of prosperity that is NOT sustainable. The funny thing about this argument is that when a government does it it is “Benevolent”, when an individual does it…. they are no-good dirtbags. Just think if our government was a person.
Our entire future is depending on the outcome of this single question. Deflation or Inflation (Net u.s.)
Hey Chris,
Just wanted to take a moment out of my life to thank you for all the life changing decisions/events that have occurred because of the information you've brought to the forefront when I discovered you, DTOM, & the SOL academy.
I shunned the psychopaths in my life, closed my facebook, took every hour of free time to see the academy and read A LOT (a first for me), learned that I have a deep innate thirst for knowledge and teaching, jumped head first on topics I would have NEVER taken an interest in if not for waking up (finance, economics, politics, psychology, to name a few), and view everything in a completely different, but forward thinking and more intricate way.
What you say is so true ... "once your eyes are open, you can never close them again" - EVER.
The magnitude of all the changes that I've made in my life because of the SOL academy are so huge that I can't even begin to put a word on it. It's like a golden seed of life, love & truth, planted in my mind that is making me realize what does matter, what is real, and what I want be at the end of the day to myself, loved ones, and the world.
Hope you're having a well-deserved and wonderful time with your family. A toast to you, the individuals in our group, and all the great and positive things to come despite such times.
Peace.
- Irving A.
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You really need to sign up at the Sons Of Liberty Academy! I have been researching, as Chris has, for the last 5 years and have found out many things that have really changed my way of thinking! After signing up with Chris I have learned a lot more and he has vilified that which I have already learned!
Check it out!
He will BLOW your mind and secure your future! Chris Duane ROCKS!!!
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I just finished the 10 modules of the Sons of Liberty Academy. I have never been so educated and aware, in such a short time.
I now have a game plan and see my role more clearly. It all makes sense.
It is very important to understand what is going on in our world and how to fight against it most effectively.
45 hours of video is a lot of information (I spend 3 weeks day and night, going through the course).
I would look for information on my own and it would take me a lot of time but to have it done and just to be able to build on that is great.
I do appreciate it to be free otherwise I would not be able to take it.
Thanks;
Raj
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I just wanted to drop you a note and thank you. I've been studying the Academy, about to start module 5.
The information I've observed to this point has opened my mind to new ideas, and also reaffirmed some beliefs I've always had. I feel a tremendous sense of confidence now, the fear is subsiding, and I'm excited to complete the Academy and find the direction I can take with my future, as well as my friends and family.
As Bill Hicks said, the next revolution will be a revolution of ideas. I'm glad to be a part of this program.
Many thanks,
Michael
Naples, Florida
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"Silver Shield,
The Sons of Liberty Academy is really fantastic! I highly recommend the Academy and the hard work and dedication to the truth that Silver Shield has put forth for defenders of Freedom and Liberty.
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Awaken People don't be fooled again! Join the Academy.."
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Rahul, Thanks for the great videos! You and Charles Hugh Smith are too U.S. centric. Of course any inflation can be somewhat contained as long as the rest of the world plays along, that’s the wild card, what are the other countries agendas and timelines. We’ll only find out after the fact, my guess is this year. Nick
I think ur right about the velocity of money being at a slow pace right now and I think it has a lot to do with worried baby boomers not wanting to spend any money right now. There are around 75 million of them with their fists clenching tightly on their cash and waiting for the good old days to return(which we all know isn’t). That generatin were pretty good savers so they actually have some capital. But this younger generation has next to nothing saved if not worse being completely living I debt. But they also like to spend. But their spending is debt spending, using their credit cards and not actual capital. I think what will happen eventually is another big crash and desperate Ben will think he needs to stimulate again by giving tax rebate checks to joe six pack and he has no problem going out and blowing his new free check. That probably on a large scale could trigger an ocean of currency to flood the country not to mention dollars coming in from foreign banks. Hyperinflation like the world has never seen. But I could be wrong. We’ll just have to see.
There is nothing “crazy” about the world that we live in as being highly deflationary. These forces are being offset by inflationary forces. There were real reasons that people flooded into USD upon the onset of the financial crisis of 08. Trillions of $ were defaulted on. Boom, bam, presto.. The value of each surviving dollar increased. There will be a fiscal crisis in the world sometime in the future. The deflationary forces will surge forth again, likely with greater force. What remains to be seen is what the US and the world does in reaction. Simply put, people need to stop looking at a US dollar as it appears and look at it as a measure of fluctuating purchasing power. The funded and unfunded debt owed by the US gov’t can’t be paid back….. in terms of the purchasing power promised. This is what the MMT’ers ignore the most.
I spend hours every day researching inflation vs deflation arguments, and the economics behind them.. In the end it comes down to a decision. Does the US say “no” and immediately stop providing half of our country with their means to live? Plus, the US tax code is built around persistent inflation YoY. Gov’t isn’t prepared to function in a deflationary environment. It is sad that they and many economists fear deflation. Deflation brought about by higher productivity is bad? Higher productivity means a higher standard of living, higher purchasing power, fewer hours etc… But the purchasing power associated with debts increases. They falsely fear deflation as the number of dollars earned per week ‘may’ decrease, but the purchasing power earned per week does not(in an ideal scenario).
I think of Economics as a fork in a road. You can go down the austrian road (explanation not needed) or you can go down the road of persistent deficits. The liars will point to decades of prosperity despite reckless spending. These liars understand economics at such a moronic level. The US’ trade deficit actually funds our budget, since the foreign entities recycle their proceeds and buy treasury bonds. Think of the “vendor financing’ that Schiff refers to. Down this path, the charade can only continue to go on (continued false prosperity) so long as our consumers are able to spend at such massive rates AND the foreigners continue investing the proceeds back into the US. Keynesians and others point this out as their proof for why we need to continue. However, common sense tells you that what is not sustainable should not be continued. Our economy is (in a nutshell) like paying off 1 credit card with 2 credit cards, then 4, 8 etc etc. The charade should have ended immediately and relatively little harm would have been done. We now live in a system built on DECADES of this charade. We have been indoctrinated to support this false system of prosperity that is NOT sustainable. The funny thing about this argument is that when a government does it it is “Benevolent”, when an individual does it…. they are no-good dirtbags. Just think if our government was a person.
Our entire future is depending on the outcome of this single question. Deflation or Inflation (Net u.s.)