Monday, August 18, 2014

World Events Mean Deflation First, Then Inflation

"The reason I think that deflation has to happen first is because looking throughout all of history, I can't find a single example where the masses, the population gets rewarded for mass stupidity. It's usually the banks that end up winning, the big boys, and the average guy suffers - at the expense of the banks." Mike Maloney, June 2 2014. Mike has been publicly speaking about this 'deflation first, then inflation' scenario since 2005.