That will be a new and intense problem, especially hyperinflation, but for now, the disinflationary and deflationary scenario's are far more important. Look at Japan's funk for the last twenty years; deflation can be nasty and will … [...]
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http://localfuture.org The world’s top economist, Dr. Steve Keen, professor of economics, University of Western Sydney, Australia and author of the book [...] Social credit is money that the government simply makes up and hands out to everybody in equal amounts so they don’t have to borrow from international bankers to have a supply of money to spend. You simply give money to everybody so they can buy what they want and so people who sell things will make so much money they can give everybody a nice job without having to borrow too much?” This is not the original social credit of CH Douglas, but it takes his idea of the household dividend and combines it with the national fiduciary “thin-air” money of Abraham Lincoln and the analysis of the pitfalls of debt-based money supply and private central banks as provided by Authur Kitson, Federick Soddy and others. The problem is deflation, not inflation. Interest drain is what causes deflation. Note: there are helpful diagrams at the end of this video. www.thespiritualun.org www.citizensamericaparty.org Populist Nationalist Social Credit Brotherhood of American Citizen Peacemakers of All Races and Creeds — This is our Common [...] Although Japan has survived deflation's endgame for over 20 years, the US, the UK and Europe will not be so lucky – nor, this time, will Japan . With all major economic zones deflating simultaneously, the West's demise will be … [...] The great Hyman Minsky thesis was “stability leads to instability”, we would argue that dwindling liquidity and excessive spread tightening in core quality credit spreads courtesy of zero interest rates policy in both the US and Europe is extremely concerning and are already indicative of a great build up in ….. Labels: Argentina, credit, CreditSights, deflation , deflationary environment, ECB, instability, Loan-to-deposit, Minsky , Minsky Theory, Siemens, Spain, ZIRP … [...] More importantly, Kuichi and Sato had previously been critics of the Bank of Japan's restrained approach to fighting deflation . The question remains how much these additions might influence monetary policy and how soon a … [...] Share to TwitterShare to Facebook. Labels: debt deflation , depression, Hyman Minsky , Irving Fisher … Hendry also talks about debt deflation and he has called for debt relief. He adamantly holds the position that the banks … [...] July 5, 2012 — “I’m calling for a debt deflationary crash,” says Mish Shedlock, Sr. Editor and Founder of Global Economic Trend Analysis (GlobalEconomicAnalysis.blogspot.ca). In this video, Mish talks with Tracy Weslosky, Publisher of ProEdgeWire (ProEdgeWire.com) about timely factors affecting the US economy and explains term debt deflationary crash. Mish also talks about why Stockton, California recently filed for bankruptcy. Highlighting the city’s unpaid liabilities, Mish says, “The largest bankruptcy ever and it all came about because of promises made to political unions.” Mish says investors are “ignoring the collapse in credit which is actually what is driving the economy.” Investors also learn about fiat credit-based financial systems. With economic uncertainty, debt and banks more conservative than ever, Mish also gives his outlook on the gold [...] DeLong is, in my view, trying to whitewash his contemporaries who did not see the crisis coming, and inaccurately trying to associate them with Hyman Minsky whose theory of debt deflation anticipated many dimensions of the … [...] |
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Noahpinion: How not to criticize Japan
“That's about right,” [a friend living in Tokyo] said, “battered by deflation and a overly strong currency, the Japanese have concluded that they can't compete with a rising China and are withdrawing into themselves.”… Japan's … [...]