WHY WE NEED DEFLATION

(The Winter is a Season of both Death and, later, Regeneration)

It didn have to be this way. The big mistake, in my view, came when the Fed condoned the equity bubble in the late 1990s. It has been playing post bubble defense ever
2014 Nike Free Run Gimnasio Blanco Rojo Hombres Suministramos Alta Calidad since, fostering an unusually low real interest rate climate that has led to one bubble after another. And that has given rise to
2013 Nike Free Run Líneas Azul Hombres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí the real monster
2013 Nike Free Run Powerlines Negro Rojo Hombres llegada El Precio M獺s Barato the asset dependent American consumer and a co dependent global economy that can
Nike Run Balanza gratuito 2014 Gris Naranja Mujeres Usted Puede Obtener Todos Los Estilos y Todos Los Colorways De Todos live without excess US consumption. The real test was
2014 Nike Free Run Gimnasio Negro Blanco Hombres Mujer Hombre Zapatos Outlet Online always the exit strategy."

Stephen
Nike Free Run 3.0 V7 ​​Azul Negro Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online Roach, Test is a necessary season in the economic cycle. Deflation is the necessary contraction phase,
Nike Free Run 3.0 V2 verde plata Mujeres Son Venta Caliente En El Mercado and helps to balance the excesses fueled by the principles and
Nike Free Run 3.0 V3 2012 mujeres rojas Son Venta Caliente En El Mercado energies of expansion. Deflation modifies prices that have escalated during the expansion phase of the cycle. These two
Nike Free Run Powerlines arco iris púrpura Hombres Con El Servicio Profesional De La Calidad Precio Más Bajo Garantizado forces Inflation and Deflation work together, as Day and
Nike Free Run OG 2014 las mujeres negras de piel Anti- Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí
Nike Free Run 3.0 V5 Ext Lago Mujeres Azul Negro Compra Ya Save Off 40% -60% Night work together, as Man and Woman work together. They only appear to be adversaries. Their
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Nike Free Run 4.0 2012 Azul Plata Mujeres Mujer Hombre Zapatos Outlet Online Republican and Democrat creates,
Nike Free Run 3.0 V7 ​​púrpura Negro Mujeres Suministramos Alta Calidad in fact, a unity of motion. Centrifugal motion pushes
2012 Nike Free Run 3.0 Azul Plata Mujeres Usted Puede Encontrar Las Últimas Estilo energy outward
2012 Nike Free Run Tr Fit Negro Azul Hombres Uk Online Salestore from the center of
2012 Nike Free Run 3.0 V2 Blanco Gris Azul Mujeres Son Venta Caliente En El Mercado a system; centripetal motion pulls energy from the periphery back to the center. government had been telling the American citizen for several decades now that there is no inflation in
2013 Nike Free Run Powerlines Negro Rojo Hombres llegada Suministramos Alta Calidad the
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Of course, Americans know this isn true. Oil prices rose from $15/barrel to $150/barrel in twenty
Nike Free Run Powerlines Ii Verde Negro Hombres Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento years. Housing prices jumped 150 500%
Nike Free Run 2 Gris Azul Mujeres Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor is three years, after averaging an appreciation of 2.5% per year over a century. Health care costs explode year after year, averaging 9.5% growth, year
Nike Free Run Powerlines Ii Gris Hombres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí over year for the last decade. The cost of college tuition has gone up by almost 1000% in thirty years.
Nike Free Run 4.0 Anti-piel Negro Rosa Mujeres Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento And we
2012 Nike Free Run 3 Pinke plata Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online are told that there is no inflation.

It finally became clear
Nike Free Run Powerlines Ii Azul Plata Hombres Mujer Hombre Zapatos Outlet Online to me, after years of musing on
Nike Free Run Powerlines Ii Negro Hombres Luna Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento this phenomenon, that, there is no inflation, according to government statistics, as long as there is no wage inflation. And there has been little wage inflation that is true. As long as wages stay low and do not chase the escalating costs of goods and services and
2012 Nike Free Run 2.0 Gris Azul Blanco Mujeres Son Venta Caliente En El Mercado this is almost possible
Nike Free Run Powerlines Ii Men Negro Verde Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor if the cost of credit stays low then the inflation
Nike Free Run 3.0 V5 Ext Negro Rosa Mujeres Mujer Hombre Zapatos Outlet Online spiral is muted. Of course, the consumer, in this scenario, becomes more and more indebted
Nike Free Run Powerlines Ii Negro Oro Rojo Hombres 100% Auténticos y Seguros De Pago through this method of paying for myriad inflationary goods and materials. Apparently there is no moral dilemma in this.
2012 Nike Free Run Tr Fit Negro Azul Hombres Todo De Alta Calidad Business profits grow, wages remain low, and workers take on more and more debt. It sounds to me like a volcano that is bound to blow. But what do I know? I not an economist. Sometimes logic is only logic for those not sophisticated enough to know the difference between appearance and
2012 Nike Free Run 2 Gris Rosa Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online reality.

Of course, consumers were able to offset stagnant wage growth in the last few decades because of the impressive stock market gains (the first bubble to pop). The stock market became a second source of income for American consumers, to help pay for ever increasing costs, children education, first, second or even third homes. But then the stock market flattened out after 2001, moving sideways for a few years, eliminating wall street as a guaranteed source of
2012 Nike Free Run 3 Azul Plata Mujeres Con Alta Calidad y Bajo Precio secondary income.

Consumers were then forced to borrow against the equity of their homes, as the housing bubble took hold via Mister Greenspan
Nike Free Run 4.0 V3 anti-piel 2014 mujeres negras rojas Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online steady hand once the stock market bubble played out. Of
2014 Nike Free Run Gimnasio Negro Verde Hombres Atención Al Cliente Es Nuestra Principal Prioridad course, the
2014 Nike Free Run Gimnasio Negro Verde Hombres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí housing bubble, again, increased American consumers indebtedness forcing them to
2013 Nike Free Run Powerlines Ejército reverdecido Hombres Uk Online Salestore essentially withdraw savings from their own mortgage equity in order to pay for the rising costs
Nike Free Run Powerlines Ii Azul Oscuro Hombres Uk Online Salestore of health
Nike Free Run 4.0 V3 anti-piel 2014 mujeres negras rojas A La Venta Con El Envío Libre. El Precio Bajo services, food, transportation, energy, education. As long as home prices continued to soar, the
Nike Free Run 2 Gris Azul Mujeres Son Venta Caliente En El Mercado system seemed fine. Refinancing
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Nike Free Run 10o Aniversary Verde Gris Mujeres Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento Americans could continue to draw on
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Of course, this paper wealth was being fueled by
Nike Run Balanza gratuito 2014 Mujeres Negro Rosa Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí a dubious policy of serial bubble creation that cheapened real money and turned millions of Americans (and world citizens as well) into credit slaves and credit junkies. Presidents who were laying the groundwork for the destruction
2014 Nike Free Run Gimnasio Negro Blanco Hombres Suministramos Alta Calidad of America and Europe, and all the other nations of the world that could not wait to jump on this miraculous bandwagon of capitalism.

Charts of debt
Nike Free Run 3.0 2012 Verde Plata Mujeres Son Venta Caliente En El Mercado accumulation by American consumers
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Wmns Nike Free Run 3.0 V5 2014 Gris Naranja Mujeres Zapatos Corrientes De Venta that phantom inflation of prices was accumulating on
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Another way in which Americans sought to keep up with the accelerating cost of living was to have both parents
2012 Nike Free Run 3.0 Luz Gris Verde Naranja Mujeres Atención Al Cliente Es Nuestra Principal Prioridad working.
2012 Nike Free Run 2 Azul Negro Mujeres Son Venta Caliente En El Mercado Of course, women liberation doctrine called upon women to pursue careers in the real world
Nike Free Run 2 2012 Gris Amarillo Mujeres Precio Barato Calidad Cozy and diminished the role
Nike Run Balanza gratuito 2014 Verde Mujeres Orange Disfrute De Más Descuento of women as home makers and child rearers. But most Americans were not influenced by this radical ideology of gender equality. Most Americans were influenced by the
Nike Free Run 2 2012 Luz azul púrpura Mujeres 100% Auténticos y Seguros De Pago need for two incomes
Nike Free Run 3 grises amarillentas Mujeres Atención Al Cliente Es Nuestra Principal Prioridad to try to
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There
Nike Free Run OG 2014 las mujeres negras de piel Anti- Con El Servicio Profesional De La Calidad Precio Más Bajo Garantizado was, of course, a dramatic and negative reaction in the society to this of the American family. Divorce became the norm, drug use accelerated,
2012 Nike Free Run 2.0 Gris Pinke Azul Mujeres 100% Auténticos y Seguros De Pago crime increased, delinquency became pandemic.

Many readers will argue that America is the greatest country in the world, the richest, the freest. But something is wrong in America. We are building prisons are a rapid (inflationary) rate. The number of incarcerated Americans
Nike Free Run Powerlines Ii Azul Blanco Hombres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online has increased 960% since 1950. Two in three marriages fail. Our children are taking guns to
Nike Free Run 3.0 V5 Ext Fuego Rojo Blanco Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online schools and shooting fellow students. Everything
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Nike Free Run 3.0 V7 ​​shinne azules mujeres negras Desde Nuestra Tienda in America.

More cheerleading
Nike Free Run Powerlines Ii Verde Negro Hombres Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento of America, more honoring of Donald Trump as a hero (and many other entrepreneurs), more government out of business slogans will not address America social decline. Much of this decline of the family comes from
Nike Free Run Trainer 3.0 Negro Azul Hombres Suministramos Alta Calidad the inflation of costs of materials and services in the American economy, bubbles created by Mister
Nike Run Balanza gratuito 2014 Mujeres Gris Naranja Uk Online Salestore Greenspan for the sake of corporate profit
2014 Nike Free Run Gimnasio Blanco Negro Hombres Suministramos Alta Calidad and corporate expansion and the resultant extraction of women
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Loans, second and
Nike Free Run 3.0 grises azules claros Mujeres Envío Libre y Vuelve Con Devolución De 30 Días third jobs, refinancing of
Nike Free Run 4.0 V3 anti-piel 2014 mujeres negras rojas Con El Servicio Profesional De La Calidad Precio Más Bajo Garantizado mortgages, dependence upon an inflated stock market, credit card abuse led to a consumer that was
Nike Free Run Powerlines Ii Negro Rojo Hombres Running Zapatos For Barato overextended and susceptible to bankruptcy should any of these currents of equity dry up suddenly. Now, it seems, every current of emergency money has begun
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With the saving rate
Nike Free Run OG 2014 mujeres rojas de piel Anti- Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online at historic lows, most Americans are one or two paychecks away from bankruptcy and a life on the streets
Nike Free Run Powerlines Ii Naranja Hombres Suministramos Alta Calidad as a
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Republicans make icons of the concepts of individualism and national patriotism. Democrats sing the praise of the so called international community. To Republicans, the ideal of Globalism and we should not forget this was
Nike Free Run 3.0 V7 ​​Vino Rojo Oscuro Blanco Mujeres Outlet Online 2015 La Venta Del Descuento! Hasta 85% De Descuento and is tied to the goal, in American if less so in Europe, of controlling business costs by driving down wage demands through the destruction of the power of Western labor unions.

was a positive spin word for maximizing profits by exporting high wage jobs to third world countries, first Mexico and South America, and then to Asia, transforming these high wage jobs to low wage jobs, without benefits. The corollary piece of this puzzle was to maintain the
Nike Free Run Trainer 3.0 Negro Azul Hombres Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento First World role and even duty
Nike Free Run 3.0 V4 Gris Mujeres Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor (and I use this word with care) to consume manufactured goods as a means of helping to sustain international economies, despite decreasing wages, but through cheap credit. It was the duty of Western nation citizens to consume globally produced goods in order to sustain the Western way of
2014 Nike Free Run Gimnasio Hombres blancos Con El Servicio Profesional De La Calidad Precio Más Bajo Garantizado life, with its high standard of living, despite the fact that living thus drove the Western consumer toward a condition of credit serfdom in modern,
Nike Free Run 2 grises verdes Mujeres Son Venta Caliente En El Mercado plastic society. No one thought much about debt.
2012 Nike Free Run Tr Fit Azul Hombres Amarillo Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor As long as matter expanded, and the future was bright, everything would
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Of course this was good for business.

Sometimes, what good
2013 Nike Free Run Powerlines Ejército reverdecido Hombres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí for business is not good for American citizens. The
2012 Nike Free Run 3.0 púrpura Blanco Mujeres Suministramos Alta Calidad idea, which has controlled America since 1982, has run its course. We are beginning to see the underside of this doctrine. The system is very good for the owners of businesses but it is not so good for the workers.

Sometimes what is good for American business
Nike Free Run Powerlines Ii Azul Verde Hombres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí is not good for
Nike Free Run Powerlines Rainbow amarillas Hombres Uk Online Salestore citizens of the world. Walmart
Nike Free Run 3.0 V4 Rosa Gris Mujeres 2014 Nuevo Estilo has a dismal record all over the world for abusing its workers through low wages
Nike Free Run Powerlines Rainbow amarillas Hombres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online and insubstantial or no benefits. In China, Honduras, Sri Lanka, and other countries, workers are required to work long hours (8AM to 10PM), 7 days a week, 365 days a year for
2013 Nike Free Run Powerlines Ejército reverdecido Hombres A La Venta Con El Envío Libre. El Precio Bajo less than $3 a day. Walmart store costs $14.96 but only costs
2012 Nike Free Run 3.0 V2 Gris Verde Mujeres Mujer Hombre Zapatos Outlet Online Walmart 18 cents to manufacture, because of its mistreatment of workers in China. This is immoral. This is un Christian. Walmart shames every American citizen by
2012 Nike Free Run 2 Negro Rojo Blanco Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online exporting such shameless behavior in the name of American Capitalism.
2012 Nike Free Run 2 impermeable gris púrpura Mujeres Con El Servicio Profesional De La Calidad Precio Más Bajo Garantizado American business is supposed to be showing the world the right way
Nike Free Run 3.0 2012 Verde Plata Mujeres Usted Puede Disfrutar Del Precio y Le Consiguen Mejores Artículos De Calidad Aquí to do business, not generating hatred and bad feeling in the name of American Exploitation.

Walmart is also notorious for its shark like business
Nike Free Run 3.0 V2 2012 Blanco Gris Mujeres Son Venta Caliente En El Mercado plan designed to destroy local small businesses competitors in towns all over America, and all over the world, through an enforced low price merchandise built on the backs of low wages and and poor or nonexistent benefits for
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Nike Free Run OG 2014 mujeres rojas de piel Anti- Mujer Hombre Zapatos Outlet Online This lack of conscience and human
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Nike Free Run Powerlines Ii Azul Plata Hombres Suministramos Alta Calidad business. Business will not do the right thing by its workers unless it is forced to do so by the weight of the law.

A government that
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Nike Free Run 4.0 2012 Negro Rojo Mujeres Para Zapatos Baratos to support fair and honorable treatment of all of its citizens.

Generally speaking, the rich get rich by cheating and stealing. We should not forget
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Money is not the root
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Bill Gates is one of the richest men in the world; and he has given more than 50% of his wealth to charitable organizations. The Walton family (Walmart owners) are perhaps the richest family in the world; and they have given less than 1% of their wealth
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A
Nike Free Run Powerlines Ii Negro Rojo Hombres Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor famous American shoe company that makes
Nike Free Run 3.0 V4 Azul Gris Mujeres Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor a designer sneaker could export all production jobs to Asia, pay relatively unskilled workers about $2.25 a day to manufacture these sneakers, export the shoes back to American, European or Japanese markets for pretty impressive profits. The production cost per shoe might be
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Nike Free Run Powerlines Ii Marrón Verde Hombres Varios Hermosos Zapatos Con Precios Baratos Calidad Acogedor sell for $250.00 in First
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Now, one argument companies might make as the logic of exporting jobs to low cost
Nike Free Run 3 2012 Negro Rosa Mujeres Encuentra Grandes Ofertas y Descuentos En Los Estilos Populares y Productos Online markets is this: a company able to make shoes (or any product) much more cheaply through foreign production, could lower domestic costs of
Nike Free Run 3.0 V7 ​​Azul Negro Mujeres Envío Libre Con Entrega Rápida the manufactured goods. This does make sense logically. But that not how it has worked. Business has been able to win on both ends, with both decreased costs and with increased profits. Why? Because consumers have tended
Nike Free Run Powerlines Ii Men Negro Verde Atención Al Cliente Es Nuestra Principal Prioridad to view credit as money in their pockets instead of a
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