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Friday, October 23, 2015 7:00:49 AM
Everything’s Deflating And Nobody Seems To Notice
Economics / DeflationOct 22, 2015 - 12:07 PM GMT
By: Raul_I_Meijer
...Everything and everyone is overindebted. All of the above stats, and a million more, point to the beginning of a deleveraging of that debt, something that curiously enough hasn’t happened at all since the 2007/8 crisis. On the contrary, a massive amount of additional debt has been added to a global system already drowning in it. China alone added $20-15 trillion,
...Which is that debt that has been inflated to such extreme proportions, must lead to deflation, and do so in spectacular fashion.
...what’s happening right before our very eyes. That is, the system is imploding. Deflating. Deleveraging. And before that is done, there can and will be no recovery. Indeed, this current trend has a very long way to go down
http://www.marketoracle.co.uk/Article52745.html
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