Quote:
Originally Posted by UnderseaLcpl
For the time being, the comparitive weakness of foreign markets (which we ruined through sheer economic pervasiveness) has held the US and the dollar aloft, but sooner or later it will be time to pay the piper. That currency is going to have to be reconciled with some kind of economic product sooner or later, and when that time comes, there will be nothing to exchange. Thus, the currency will lose value.
|
With U-6 unemployment around 15 to 18% and the average hours worked in the basement, the resulting lack of wage inflation pressure means deflation, not inflation.
Simply put, If no one has money to spend we cannot have CPI inflation.