Comments | valuesystem: Deflation and You: A Guide to Understanding this Peculiar Economic Model

valuesystem

Deflation and You: A Guide to Understanding this Peculiar Economic Model

Aug 13, 2010 00:11

I just wanted to share a little bit about deflation ( Read more... )

savings, unemployment, collapse, deflation, debt, reserves, house, depression, crisis, bank failure, reserve, housing market, mortgage, federal reserve, cash, bankruptcy, federal, recession, liquidity, demand, bank, credit, inflation, money, banks, finance, housing

Comments 3

...gold is REAL money... vitalymakarenko August 17 2010, 06:00:56 UTC

http://mises.org/images/3687/Figure2.png

Banks and gold anonymous August 18 2010, 00:12:23 UTC

Re: No. 6 -- there is no need to keep cash savings in a bank. Open a treasurydirect.gov account and keep your cash in short term treasuries.
Re: No. 7 -- gold certainly will not lose value in a banking crisis, but one ounce coins will not be very useful to buy necessities -- who can make change? That is what junk silver coins (pre-1965 90% silver US coins) are for. You should be buying junk silver before gold.

Deflation and Debt anonymous August 18 2010, 05:55:02 UTC

I haven't been in debt for over ten years and none of the things you mentioned are why I don't and won't spend a dime more then necessary and would go live in the woods before a borrowed a nickle from these banking criminals. I also don't work what's the point in that nonsense to have a thieving ass government steal all you have worked for, screw that. I'm running from this system as fast as I can. The people who made out the best in the depression were the Federal government employees, if your not one of them or you have no way of sucking on the government teat you may as well go home and sit on your ass, capital formation in the private sector is being destroyed.
Take Care.