Economy Notes
I believe that we are in an economic depression which is defined as "a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen as part of a normal business cycle".
The economic downturn that started in December 2007 is now in it's third year and shows no sign of ending. Despite some very serious attempts to stimulate the economy it gets worse every day. Economists have no tools left in their arsenal and are at a loss as to what they should try next.
No one, including lying politicians, believes this is a normal business cycle. This depression is different. This is the first Global Depression and is the result of the folly of global elites who believe that they are gods.
I believe we are experiencing deflation, which is defined as a "decrease in the general price level of goods and services". Wages, real estate, company values, stock and many commodity prices have all declined significantly. Some items such as food, fuel and medical services have increased as they are necessities. But generally the value of everything else has declined and shows no sign of improving in the current depression.
I suspect that the Fed will start printing trillions of new dollars to boost the economy out of depression and deflation. I believe this will lead to the crash of the dollar and ultimately every currency in the world. This crash will result in hyperinflation, which is defined as "the loss of faith in the currency. Prices rise in a hyperinflationary environment just like in an inflationary environment, but they rise not because people want more money for their labor or for commodities, but because people are trying to get out of the currency. It’s not that they want more money—they want less of the currency: So they will pay anything for a good which is not the currency-GL". I believe this hyperinflation will be unlike anything the world has ever seen, since it will be impossible to define the value of currency or anything else.
Since all markets are no longer local but global, nothing will escape this economic apocalypse. No government, company nor individual can escape the reckoning to come. Only criminal enterprises will thrive, and only the fittest of these.
The economic downturn that started in December 2007 is now in it's third year and shows no sign of ending. Despite some very serious attempts to stimulate the economy it gets worse every day. Economists have no tools left in their arsenal and are at a loss as to what they should try next.
No one, including lying politicians, believes this is a normal business cycle. This depression is different. This is the first Global Depression and is the result of the folly of global elites who believe that they are gods.
I believe we are experiencing deflation, which is defined as a "decrease in the general price level of goods and services". Wages, real estate, company values, stock and many commodity prices have all declined significantly. Some items such as food, fuel and medical services have increased as they are necessities. But generally the value of everything else has declined and shows no sign of improving in the current depression.
I suspect that the Fed will start printing trillions of new dollars to boost the economy out of depression and deflation. I believe this will lead to the crash of the dollar and ultimately every currency in the world. This crash will result in hyperinflation, which is defined as "the loss of faith in the currency. Prices rise in a hyperinflationary environment just like in an inflationary environment, but they rise not because people want more money for their labor or for commodities, but because people are trying to get out of the currency. It’s not that they want more money—they want less of the currency: So they will pay anything for a good which is not the currency-GL". I believe this hyperinflation will be unlike anything the world has ever seen, since it will be impossible to define the value of currency or anything else.
Since all markets are no longer local but global, nothing will escape this economic apocalypse. No government, company nor individual can escape the reckoning to come. Only criminal enterprises will thrive, and only the fittest of these.
posted by lugh lampfhota at 2:27 PM
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