By: Elliott Wave International
Despite the Fed's leverage and its attempt to inflate throughout the economy, the deflationary pressures in the U.S. are overwhelming. Watch this six-minute clip from Steve Hochberg's presentation at the Orlando Money Show. To learn more about the inflationary/deflationary process, go to www.deflation.com.
This article was syndicated by Elliott Wave International and was originally published under the headline Why the Fed Does Not Control Inflation and Deflation. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
Hmmm
"the Fed Does Not Control Inflation and Deflation" And pigs fly. Such a patently ridiculous statement ranks right up there with the flat out lie foisted on the public that 2 planes struck 2 different buildings in different parts of each structure and they both collapsed in the exact same manner into their own foot prints dropping over a thousand feet almost straight down at free fall speeds (both in less than 12 seconds) even though the bottom 80 stories of both structures were undamaged. And then a third building not struck at all fell in the same manner into its own foot print as well. And oh by the way not single other adjacent building fell. Only the 3 buildings owned by one man, and insured 3 weeks earlier against multiple terrorists strikes (first time in US history)
The FED has been DIRECTLY CONTROLLING AND MANIPULATING inflation and deflation since its inception in 1913. It is precisely this power which has made the owners of the FED LITERALLY TRILLIONS IN PROFITS SINCE 1913. Bear in mind that from 1775 until 1913 the dollar (with a few minor dips)maintained its value. IN THE 100 YEARS SINCE THE FED (ILLEGALLY ) TOOK CONTROL OF THE FED THE DOLLAR HAS BEEN REDUCED IN VALUE TO ABOUT 2- 1/2 CENTS. There appears to be an epidemic of flying pigs at least since the Bush administration.
Deflation is a good thing it allows for an economy to have everyone on a more level playing field. With the demographics of society aka baby boomers going into a period of retirement, less spending, etc. the core consumer spending will be decreasing, resulting in deflation. With the technology today to handle the work load, deflation is a good thing. It mean less working hours, more time cheaper consumer goods for everyone. Harry dent wrote a book on this subject "the demographic cliff". If your interested in the long term deflation check his book out, very solid read filled with tones of economic data to back up the Elliott wave international projections.
Try paying my bills compare the to last year and then tell me how much "deflation" I am seeing for everything, housing, maintanence, soaring health care premiums, soaring education, food, auto you know just the things normal people need.