Thread: Soaring Unemployment, Collapsing Credit From Stagflation to

Soaring Unemployment, Collapsing Credit From Stagflation to Deflation
Economics / Deflation
Jul 09, 2008 - 01:35 PM

By: Mike_Shedlock

I recently received an Email from "RS", a long time member of the hyperinflation is coming crowd now but now sees things in a different light. Let's tune in and see what "RS" has to say.

Mish, I was a true believer in the "hyperinflation is coming" theory for quite some time. However, I have since changed my mind. Here's why: I own a computer business and I used to pay techs $15-20/hr. I now have people willing to work for $8-$10/hr. While the nice guy inside is saying “pay people wellâ€

We are heading for the mother of depressions as I see it. Better start learning to take care of ourselves as I see it. Better to be over prepared than under prepared. Take it from someone that thought the conspiracy therorist were full of themselves and nut cases to someone that see's with gut instincts and paying attention to what is really happening and what is coming. Dang, I used to be good at spelling! Well I guess since our kids are not learning a damn thing in school (no child left behind, what a joke) you can forgive any errors. After all, it is all about passing tests, not learning the material!

Plant gardens and protect your food supplies -- with your 2nd Amendment right, if necessary.

PS I like your signature ohflyingone