I have taken all knowledge to be my province. Sir Francis Bacon

Surviving a GLOBAL Depression

Inflation or Deflation

Since all money is created by credit, one would think that the absense of credit would cause massive deflation of the currency. On the other hand, since the US has been burning the electronic printing presses for years and putting trillions of dollars out there, one might very well expect hyperinflation. How are these going to balance? What can we expect?

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