Recession projected until 2012
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Hey guys...PEAK OIL is causing a cap on oil production that is built into the ROCKS...we CAN'T change it. AND, The demand on energy is INCREASING. AND, the markets only work if the economy is working. BECAISE, banks GENERATE money though loans. BECAUSE, they expect GROWTH. BUT, oil supply depletion means LESS ENERGY, meaning LESS PRODUCTIVITY...meaning, LESS ECONOMIC growth and actually CONTRACTION of the free market.
GOT THAT? Grow your own food NOW!
Chromatype 2 years ago
the system is far too complicated -
why don't we just abandon the whole thing = no banks - no interest payments, no inflation. Just keep it simple.
Brainman94 3 years ago
this guys and idiot, 1 star
mreisma 3 years ago
Do you think I care that he is a prof. and tsmith is a no body ? tsmith is right.
Deflation is not a decrease in prices. Deflation is a decrease in the money supply which results in decrease in prices and an increase in the value of money. Deflation is not what is happening in the US when you have the FED with the Orgy of Congress printing money like there is no tomorrow. If they continue printing this amount of money, I can assure you that there will be no tomorrow.
iraqiboy82 3 years ago
There is an interesting article by Jim Willie titled, "False Diagnosis of Deflation (Jim Willie)".
Quote:
The simple answer is that the overall USEconomy, complete with its cancerous Financial System, is enduring both inflation and deflation simultaneously. Inflation is defined as the growth of the monetary base (money supply) beyond the growth of the economy itself.
Link at my blog (link to blog at my channel). Do a page search with the title.
tyronebiggums3 3 years ago
he is a prof, whereas u are only a conspr
rosewood223 3 years ago
I agree with his view on the banks, however I think his view on deflation is way off. It will be a short lived anomaly, not a lasting event.
tsmith2187 3 years ago