Search Results for: debt deflation

Arguments for Deflation: Unemployment, Debt and Deleveraging, the Pension Crisis, Collapse of the Shadow Banking System, and Interest on Reserves

As Absolute Return Partners wrote in its July newsletter: The most important investment decision you will have to make this year and possibly for years to come is whether to structure your portfolio for deflation or inflation. So which is … Continue reading

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Zombies-To-Be and the Walking Dead of Debt

By Steve Keen – economics professor and Head of the School of Economics, History and Politics at Kingston University in London – Debt Deflation blog. Using the dynamics of credit–which most other economists ignore–I explain why Japan, the USA and UK … Continue reading

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The Seven Countries Most Vulnerable To A Debt Crisis

By Steve Keen – economics professor and Head of the School of Economics, History and Politics at Kingston University in London – Debt Deflation blog. Tweet Tweet For decades, some of the most important data about market economies was simply … Continue reading

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Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy

Deflation Threatens to Swallow the World Many high-powered people and institutions say that deflation is threatening much of the world’s economy … China may export deflation to the rest of the world. Japan is mired in deflation. Economists are afraid … Continue reading

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The Global Commodity Crash Tells Us That A Major Deflationary Financial Crisis Is Imminent

By Michael Snyder, Economic Collapse Blog. If we really are plunging into a deflationary global financial crisis, we would expect to see commodity prices crash hard.  That happened just before the great stock market crash of 2008, and that is … Continue reading

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How the U.S. Treasury avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street

As published in the Social Sciences Research NetworkMichael Hudson University of Missouri, Economics Department, 211 Haig Hall, 5120 Rockhill Road, Kansas City, MO 64110, USA and Peking University, No.5 Yiheruan Road, Haidan District, P.O. Box 1008/71m, Beijing, P.R. China The … Continue reading

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How the U.S. Treasury avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street

By Michael Hudson, Michael-Hudson.com.   Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He … Continue reading

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Deflation Warning: The Next Wave

The signs of deflation are now flashing all over the globe. In our estimation, the possibility of an associated financial crisis is now dangerously high over the next few months. As we’ve been saying for a while, our preferred model … Continue reading

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Deflation Is Winning – Beware!

Deflation is back on the front burner and it’s going to destroy all of the careful central planning and related market manipulation of the past 6 years. Clear signs from the periphery indicate that a destructive deflationary pulse has been … Continue reading

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Seizing an alternative: Bankster looting: fundamental fraud that “debt” is “money” (5 of 7)

The following is my paper for the Claremont Colleges’ conference, Seizing an Alternative Toward an Ecological Civilization, with open registration to the public on June 4-7, 2015. Paper title: ‘Emperor’s New Clothes’ political collapse: Seizing an alternative to OBVIOUS unlawful … Continue reading

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Debt-damned economics: either learn monetary reform, or kiss your assets goodbye (7 of 7)

The following is my high school teaching assignment for Advanced Placement Macroeconomics students (available as extra credit for other classes) on how money is created. I offer this for non-profit use; divided into seven sections: Instructions (1 of 7) Contextual … Continue reading

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The Achilles Heel of the Global Status Quo: Deflation

Rather than being the Monster Under the Bed in central bank nightmares, deflation is the natural result of a competitive economy experiencing productivity gains. That the global Status Quo is terrified of deflation is the background of every policy decision … Continue reading

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Central Banks Create Deflation, Not Inflation

Financial and risk bubbles don’t pop in a vacuum–all the phantom collateral constructed with mal-invested free money for financiers will also implode. If there’s one absolute truism we hear again and again, it’s that central banks are desperately trying to create inflation. … Continue reading

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Why QE May Lead to DEFLATION In the Long Run

“If [They’re] Right, Everything The Fed Has Been Doing To Try To Stimulate The Economy Isn’t Just Useless — It’s Backward” Preface: Financial experts have been debating since the start of the 2008 financial crisis whether inflation or deflation is … Continue reading

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Sorry, Fed Inflationistas: Technology Is Deflationary

Technology, like Nature itself, has no emotional stake in what is creatively destroyed. We all know the Federal Reserve is terrified of deflation, because they keep telling us that deflation is the equivalent of death and inflation is the equivalent … Continue reading

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138 Years of Economic History Show that It’s Excessive PRIVATE Debt Which Causes Depressions

Too Much Government Debt Hurts the Economy … But Too Much Private Debt KILLS It Preface:  We like to debunk myths held by both the left and the right. For example, we have repeatedly argued that government debt and deficits … Continue reading

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Greenspan Was Worried that the U.S. Would Pay Off It’s Debt, Causing the Fed to “Lose Control of Monetary Policy” … So He Suggested Tax Cuts for the Wealthy to INCREASE the Debt

Most Economists Don’t Pay Any Attention to Debt As I noted in 2009: Paul Krugman [believes] that debt is a “phantom menace”. But this is not because Krugman is a liberal. Government economists in the Reagan, Bush and Obama administrations … Continue reading

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Can Countries Default On Their Debts?

Countries Routinely Default Many people – including economists – are are confused about whether or not countries can default. One of the world’s leading economic historians – Harvard professor Niall Ferguson – says: The economists are ill qualified to analyse … Continue reading

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Roubini: “Gold, Like US Treas Yields, Is Pricing Risk That We Go Into Another Deflationary Depression & Global Financial Meltdown, Not Inflation”

Gold Soars On Fear of Deflationary Depression Well-known economist Nouriel Roubini tweets: Thus gold, like US Treas yields, is pricing risk that we go into another deflationary depression & global financial meltdown, not inflation As MarketWatch writes: Gold futures on … Continue reading

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Economics Professor: “[We’ll Have] a Never-Ending Depression Unless We Repudiate the Debt, Which Never Should Have Been Extended In The First Place”

Preface: Regular debts which are knowingly and honestly incurred should be repaid. This essay focuses solely on debts which are involuntarily incurred by politicians at the expense of the American people – and which do not benefit the public, but … Continue reading

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