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Biflationary Depression: Protecting Assets From Inflation & Deflation In A Keynesian Collapse Paperback – February 22, 2012
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BIFLATIONARY DEPRESSION is an important work. What DB is saying is that the US has the greatest DELATIONARY DEPRESSION since the GREAT DEPRESSION. True they are calling it a CONTAINED DEPRESSION because BEN BERNANKE has expanded MONETARY POLOICY into UNCHARTED TERRITORY to soften the DEFLATIONARY IMPACT. This is not a new idea. The plot of FAUST is basically the same. That when the GERMAN EMPEROR took the country off the GOLD STANDARD and printed paper money that this was a deal with old SCRATCH.
This is an important work because...DEPRESSIONARY DEFLATIONS are very difficult to end. The GREAT DEPRESSION was never ended by pols...WWII ended it. The coin's flip side is that because of MASSIVE GLOBAL CENTRAL BANK INTERVENTION inflationary bubbles pop up. Massive central bank intervention is insidious in that is regressive ...hits the poor hardest in every country because THE MONEY CHASES FOOD & FUEL causing rapid price hikes. EXPANSIVE MONETARY POLICY also creates ASSET BUBBLES as the money seeks the place of greatest return. These asset bubbles further destabilize the economy as they run the risk of popping. Asset bubbles benefit the wealthy & banks... people and institutions with loads of money and investment advisers who can navigate the treacherous waters. REGULAR WORKERS continue to experience a declining standard of living as DEPRESSIONARY DELEVERAGING CONTINUES in the form of LAYOFFS-PLANT CLOSINGS & CONSOLIDATIONS, and ROBOT WORKERS. Wages stagnate and jobs get eliminated. Hits the ordinary worker hard and makes his paycheck smaller & smaller over time as food & fuel escalate.
The chapter ROMAN HISTORY OF BIFLATION pg132 is especially noteworthy. I enjoyed it on a quick read and plan to go back and study it and cross check DB's sources & references.
This book contains important ideas... and gives the little guy some tools to cope with the simultaneous monetary forces of DEFLATION & INFLATION which DAXTON BROWN calls BIFLATIONARY DEPRESSION
I am saying this book has IMPORTANT IDEAS to digest for the welfare of your family. In an age where big banks are TOO BIG TO FAIL & TOO BIG TO JAIL; and the 1% are partying like never before-- the average JOE needs to wrap his mind around the SIMULTANEOUS INSIDIOUS MONETARY FORCES OF A BIFLATIONARY DEPRESSION.
WORTH THE READ.