Competitive Currency Devaluation & Deflation

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Aired on the Doomstead Diner on November 18, 2014

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Discuss this Rant at the Podcast Table inside the Diner

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Speedy Gonzalo Lira sez, “OOPS! I guess I made a MEEESTAKE!”

Snippet:

…Remember back to 2008-2009 when Hank Paulson pulled out the Bazooka to bail out the TBTF Banks, and then Helicopter Ben Bernake launched the first of his QE ships? Pundits in the Econ Blogosphere went berserk, predicting imminent Hyperinflation of the Dollar. John Williams, Speedy Gonzalo Lira, Mish, you name it they all predicted rampant HI which somehow never arrived here.

Meanwhile in the dark secluded corners of the internet, a few people like Nicole Foss of The Automatic Earth, Steve Ludlum from Economic Undertow and myself all predicted a deflationary event coming down the pipe, at least for the Dollar.

What is the situation today? Deflation is now the word of the day spoken fearfully by Central Bank chieftains, and even notorious Hyperinflation predicting sites like Zero Hedge are on the Deflation Bandwagon…

For the rest, LISTEN TO THE RANT!!!

Knarf plays the Doomer Blues

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Thanks Eddie.... My mind was on the blood clog type of seizure when asking that question.Over dosing kids would be scary. I won't perform hypno-therapy sessions on minors. The worst thing that can happen with my clients is I don't get allthe trash ...

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