User 159967

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    • ON: Tue Mar 4th 10:27 AM
      Commented on:
      Gold and the Dollar: Value is in the Eye of the Beholder
      It does not matter that the there is 200+ trillion in investable dollars worldwide only what the world is willing to lend to us to finance our current account deficit.
      We are seeing a contraction in the world's willingness to fund our current account deficit by funding our capital account.
      This will not change soon and yes we are currently seeing deflation as more money is being destroyed than is being made available to businesses and consumers.
      Deflation is here and the only reason it did not arrive sooner was consumers' and businesses' willingness to take on more debt is as historical proportions. Debt does not equal cash.
      Have fun eating crow!
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