vrijdag 8 juni 2012

Real Deflation Confirmed by Mike Maloney

In this video, Mike Maloney confirms that deflation has already set in. If we subtract base money (balance sheet fed) from M2, we get a 25% contraction. This has never happened before since the Great Depression and it evidences the fact that quantitative easing doesn't work. It just stays on the balance sheets of the banks.

And we all know what comes after real deflation, hint: it starts with an "H".

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