why deflation would be a disaster , page-61

you do get heaps of country's hold $US dollars right?

so if the $US currency devalues to the point they can export cheaper than china, then their debts shrink on the people holding $US ripping them off?

which makes the US dollar even more worthless so everyone will want to ditch it crashing the $US till it fails?

Then china fails because they cant export as their currancy is worth too much.. Australia fails because china isnt buying, and then we are too expensive to export mining products to america to make their own stuff..

this isnt going to help is it?

This is a period of time where the flaws in the fiat money system are going to be tested. if we traded in gold we wouldnt have this problem.

Inflation and QE is the result of a failing money system.