Wednesday, December 17, 2014

It Will Probably be Deflation All the Way Now Until the System is Broken

Yes, the banksters will starve. And so will we. There is no happy ending to this. It will probably be deflation all the way now until the system is broken. Maybe the central banks can manage to turn it around to hyperinflation (why not try helicopter drops?), which will still produce the same result in the end, but I doubt it.

Notice that the powers that be don't even have a plan for degrowing the economy while preserving the most useful aspects of industrial civilization. They must have (correctly) concluded that it would be impossible, so they single-mindedly pursue growth at any cost until the whole system fails. - Eivind Berge
Eat well this Christmas. It might be your last Christmas on full stomach!

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