American_Bull

Deflation, Monetary Velocity, and Why Gold's a Buy

Yes...but the US can afford to print its way out of deflation as its socio-legal-financial-... system represents the most flexible and productive set of assets in the world. This is why poeple in panic around the world now buy and place bets USD because it still represents one of the best values. Nobody wants the US economy to fail and no country or region is decoupled and independent from the US economy. The recent appreciation on the USD is not only temporary and for for safety but a bet by the world that the US will come out first from the recession. It has always turned out like this and it will again.