DEFLATION - No Simple Answers to an Epic Mess

A few thoughts on the broad psychology of how we collectively deal with the financial and economic mess we find ourselves in. There are no simple answers or silver bullets. Simplistic answers that draw on solutions from the past will probably not be enough this time.

Links to some good stuff:

Debt Collapse - $20,000 Gold - Mike Maloney On Gold, Silver & Economics
http://www.youtube.com/watch?v=tj2s6vzErqY&feature=player_embedded#!
Great presentation of his view of the big picture. Worth a watch if you are still struggling with the "money" (currency) system and the problem of too much debt worldwide. He also has views very similar to mine regarding a deflationary event BEFORE inflation or hyperinflation becomes problematic.

Who Owns the Gold??
A few surprises in here for me......
http://www.cnbc.com/id/33242464?slide=1

5000 years of Debt, Gold, Silver
Great discussion - well worth a watch for everyone, especially gold and silver bugs:
David Graeber talks about the history of debt and its impact in the world over thousands of years. During this event from Melville House Bookstore in Brooklyn, New York, Professor Graeber talked with Left Business Observer editor Doug Henwood, author of Wall Street and After the New Economy.
http://www.c-spanvideo.org/program/301265-1

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[lextalionis2001]

the key dynamic is 32 frames per second. That is the rate at which the human eye can be deceived into believing a fixed object is moving. 32fps

[watcherjohnny]

@lextalionis2001

Interesting point. Maybe we should infer from this fact, that the folks "managing" the economies of the world believe that if they just keep changing things fast enough, they can deceive us into believing they are "fixing" something??

[kcrone1]

When to cash out gold and silver?????

Looks like now to me, before this bubble pops!!!

[watcherjohnny]

@kcrone1

A lot of folks think the price run-ups are just getting underway. What metrics are you using to decide they are in a bubble?

[lextalionis2001]

@watcherjohnny I hadn't thought of it in that way ... its a vexing concept. On the face of it I agree with the supposition that if enough diligence is done to "fool" sufficient numbers of people then it stands to reason that its worth someone doing it.

Guys like Karl Rove, Dick Cheney, Bill Clinton and the Bernanke come to mind :)

[noncompliant2]

Objectivity is a myth...

[aaronbassplyr]

This is how I view the gold standard debate. It is a trade off. What you gain is a currency with more stability however it puts a negative effect on growth an investment.The question one keeps asking them self is... Why invest now when in a few months my same nominal currency will have more purchasing power? However the system we have now is prone to malinvestment, bubbles, and "The business cycle" This is why Friedman wanted money creation to be tied with GDP growth. A compromise of the two.

[cheesestr4wz]

You've stated it well . The day after the election, a co-worker asked me what I thought... I said, " I'm in mourning!" To which he replied , "Oh it's just four yrs. if there's a problem, we'll get it all fixed". To which I replied, " We WILL be held accountable for whom we vote!" Things will NEVER be the same ! Over these what? 32 months I've discovered & it's my theory that it was the true racists who voted obama in... they will forever hold the anti racist card by saying, "I voted for him".