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| Forums -> Longwaves Forum -> Re: Inflation or Deflation? Part 2 |
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Excellent, Best interview of the year, two of the best both understand financial history. Price runs were the largest, not in time. All historical credit bubble unwind, The difference between a credit bubble and a savings based economy. I agree with Faber, Asia will be the KEY but Bob Hoye has the right historical perspectives' and understand the proper similarities The most important comment which I agree, is that you need to understand the difference between a savings based economy and credit based economy and you will get your historical probability outcomes. The contraction will be so severe that it will make policy makers sane! Gold is not a commodity it is money! The cure for this contraction is simple, for everyone to become reckless as they were back in 2006. The worst thing that could happen is the outbreak of sound money, but that is what happens in post bubbles unwinding. A very severe yet credit contraction. You can edit down the piece (there is too much gold in the interview). I agree excellent!! I am 100% in agreement with Bob, deflation is in our outcome, simply because ALL credit based economy's end up unwinding and overshooting because the market is trying to become solvent. Joseph
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