Marc Faber Vs Michael Shedlock - Inflation vs Deflation Debate

[norskemann1]

we need a huge deflation to balance the market

[John20xd6]

They are both right. We are going to have deflation because Congress is not going to be willing to pass another stimulus esp. with the Republicans dominating the house. Its also inflation because prices are rises everywhere in the U.S.

Watch the rest of the interview.

[misterman6000]

Inflation /deflation. IT IS POINTLESS AND IRRELEVENT. The dollar is doomed

either way. Deflation is a country with massive debts is a recepe for BANKRUPTCY

[itsonelouder1]

Michael at the end says the jobs aren't coming, I would love to know what he thinks the government is going to do about it other than print more money.

[Chitoalf88]

@ravanelli - you are a fool! How can you compare Bulgaria and the US? The dollar is the currency standard. Why do you think China, Japan and major ecomnies continue to invest in the dollar. We already have controlled inflation. The dollar will remain strong. We will have controlled inflation the Fed will navigate to make sure we do. Deflation will be worst! Even the money cash hoarders will loose in deflation. Swiss cannot be compared to the US. No comparison to Bulgaria and Swiss. Look at Japa

[norskemann1]

@Chitoalf88 in deflation the dollar gains buying power. how the hell do we lose with inflation?

[Piitsi]

Inflation, simply because all the consumer products are Chinese made and the manufacturing base in the USA is ruined. The Chinese are already beginning the dumping of their dollar reserves and are reluctant to accept more worthless dollars. Product prises will go up housing continues to tank. Everything deflates when it's measured in gold or silver.

[Chitoalf88]

We should have inflation. Albeit controlled inflation 2-3%. Deflation will set us back 100 yrs! If we have deflation, no one will invest, buy and consume except the necessities! That will kill the economy. We need controlled inflation. Peter schiff is a moron! Krugman and Ben are right! We do not want deflation, it will kill all of us!!!

[ravaneli55]

@Chitoalf88 You sir need a brain. If you want Inflation, please take live in it yourself. There is no such thing as controlled inflation. There are more dollars outside US than inside. If foreigners dump their dollars because they do not want to lose any more purchasing power, Mr Bernanke will be helpless. And eventually even common Joe will dump his dollars. I know, because I lived in Bulgaria in 97, and saw everyone dump levs. Then hell comes lose.

[paulekko]

@Chitoalf88 An interesting opinion! Why then is the Swiss economy booming with an extremely strong currency? It didn't kill them and I don't think it will kill us.

[Bass20HZobsession]

inflation in dollars

deflation in gold prices

debate finished :)

[brainsareus]

mish is a sociopathic scumbag. an ayn rand acolyte. phoney george noory loves this dick........

[ronpaul2008rocks]

How will the money get spent? Buy T-bills!  Buy government debt! There is no problem with finding someone to spend the money. There will be lots of money printed and the government will have no problem finding a way to spend it (i.e. giving it to special interests).

Today, gold is $1270. A new high. I'm betting that it continues up.

[ytertyu]

Mish having too much trust in politicians ..actually politicians don't have any choice other than print more money and buy more time while stay elected

[doc7474]

as of 5-28-10 (today), The U.S. government is talking about another stimulus. Europe already did their $1 trillion stimulus. There have already been so many bailouts. Bailouts/stimuli for banksters/banks/auto/governmen­ts/etc. It doesn't seem like it's going to end. Only time will tell for sure I guess.

[rich232399]

entitlements= inflation

[dv2012]

Wonderful !