All these things will come to pass, some in parallel and some in sequence.
By Daniel at 3 December, 2009, 7:46 am
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There already is and will be simultaneously inflation—–in dollar denominated terms—– in globally traded goods and services and deflation in goods and services that are predominantly domestic in supply and local in consumption. There is inflation in Wall St bonuses and Wash Dc privileges (and MSM distortions, propaganda and outright lies) and deflation in the total income of middle class families.
In time, as dollar degradation continues, inflation will spread from foundational resources, which are all globally traded and priced, to domestic goods and services which must use these foundational resources: thus high unemployment, compressing middle class income may exist simultaneously and destructively with inflation in a painful (apparent) paradox.
There is already a middle class depression, a lower class stagnation and an upper class “V” recovery turning into a boom. We are now 3 economies and 3 nations occupying one geography: the colonizers, the colonized and the collaborators/mercenar…
Unless trends are decisively reversed and within a couple of years there will be a collapse in the dollar, a great extinction of national wealth and a deep fragmentation and debasement of civil society in America.
After that? who can tell ….maybe a heroic effort by the middle class remnant to regain the Nation and liberate it from the US Regime, reset priorities, values and norms and renew and regenerate America.
We are in a period of transition where multiple contradictory things may come to pass and after that a new order may emerge.
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