I saw this on TheSurvivalistBlog.net yesterday, but only Part One was listed on the site. I watched it, and this made so much sense to me I found parts one and two and wanted to share with you. Mike Maloney discusses inflation, deflation, and more and quite probably pisses everyone in the conference room off, but someone has to say it. Check it out. Informative and scary where we may be going.
It seems to me there is not a better time to start prepping, and become more self sufficient and self reliant. This is scary to me. We really do need an economy where our money stays here (in our country) instead of going elsewhere.
Part One: $10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver
Part Two: $10 Oil? Mike Maloney Schools Bankers on Deflation, Gold and Silver
Wow. Too bad they didn’t let him finish the whole presentation. Lots of uncertainty about the future methinks.
Money will never “stay here” as long as it’s so much cheaper to do business someplace else.
Princples are great but the purpose of a business is to make as much profit as it can for the owners. Period. That is, in a free-market capitalistic society, compared to a socialist society where a business acts for the “good” of the community w/o regard to profitability (i.e. behaves more like a social program than a business).
ps — Here’s a link to an article that gives a pretty good description of how hyperinflation may come here using Chile of the early 70’s as an example. The parallels are striking!!
http://www.businessinsider.com/gonzalo-lira-what-…
MasterPo, I understand, I think I was ranting a little because prosperity would be so much better if we kept the business here. Thanks for the link. I will take a look at it.