banksters use deflation myth to get bailouts , page-61

"The difference with the great depression was the liquidationists had their way initially, this got rid of a lot of bad debt"

You've hit the nail on the head, correct ctindale imo. Saving these failing entities has only deferred the problem in the US, but worse still it's all now on the taxpayers balance sheet. Better to wipe it all out and start fresh, but apparently the threats of what would happen in the crisis was so unthinkable that they did what they did. In UK they were told that unless they bailed out the system in the morning, by the afternoon half the atms and transactions systems would be down, and there would be mass riots and total breakdown. So they just instantly printed billions and handed it over (sorry I forget the source for that one). So you're totally correct these entities around the world have gigantic future problems that in reality can't be solved but can be diluted through money printing, so called "quantitative easing" and that's why inflation is in the pipeline.

Your analysis is always interesting, but the problem with being a deflationist is that you underestimate their resolve to print money and deflate their own debt away, and they'll win, and the honest man will lose. Meanwhile commodities in the real world are in tight supply, so that's mainly where I want to be in the meantime, effectively out of the paper money system.

Comparing now to the great depression clearly has some parallels but as the $US was backed by gold at the time it was a completely different setup. As for UK, California, Greece, etc imo you are 100% correct they are st***ed because they are now uncompetitive and have been undermined by Asia. Asia is saving us because they need our commodities.

I see that you like gold and are waiting for entries but imo I wouldn't wait any longer. :)