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Originally Posted by CarmelHP  Believe me, historically, deflations have always been more wrenchingly painful than hyperinflations. Hyperinflation at least allows a clean start. How about if your $100K mortgage was suddenly the equivalent of $2M. | I also wrote the above back on 10/10. Deflation is the one economic process that I think can bring about a SHTF violent response from the populace. Hopelessness and despair would follow in the wake of deflation, and people in our overleveraged society will not react well.
__________________ Barack Obama: In your heart you know he's nuts. 
"Of all the offspring of Time, Error is the most ancient, and is so old and familiar an acquaintance, that Truth, when discovered, comes upon most of us like an intruder, and meets the intruder's welcome." (Mackay, 1841) |