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It’s marxism… it has a global track record…

it’s toxic to ALL freedoms and ANY capitalism for starters. The slave state is buying those of low character in America and the dim here pander to our gravediggers…

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founding
Jun 13, 2023Liked by Peter Nayland Kust

I’m trying to figure out the likely *sequence* of deflationary events in China and in the US. I would imagine that in China, the first part of the economy to show lowered asset values will be real estate, because that’s been in a bubble. After that, the command economy will disrupt normal supply-and-demand mechanisms because, as you’ve wisely pointed out, ‘you can’t push a string’. So their economy might descend in multiple ways, and maybe all at the same time. But in the US, I don’t know which prices will decline first. Maybe we need to have a recession for several quarters first, then layoffs, then rents coming down, then discretionary goods (clothing, sporting goods, etc.) lowering prices, with lower prices on food maybe not coming until a year after the first signs of deflation. During the Great Depression, the economy collapsed into 30%+ unemployment and deflation pretty quickly, but our economy is much different now. There’s unemployment insurance, welfare, bailouts, etc. So I don’t know what the sequence of events in the evolution of a deflationary era would look like now. I’ll bet you have the best insight into this of anyone, Cassandra Kust.

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founding

Wow - some of this data is just astounding. Profits down more than 20% in first four months, and 23 trillion dollars of debt, with no way out? And yet the World Bank is projecting growth this year? Are they spinning the data for political purpose, or are they deliberately putting on rose-colored glasses and trying to convince each other that everything is a workers’ paradise? Idiots.

The deflation scenario is getting really interesting. Speculative question: what kind of time span is likely before the deflation starts impacting the US - six months, a year, two years? (I know, it can probably only be a guess at this point.)

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"When everything is heading south there can be no thought of economic recovery by definition."

-Peter Nayland Kust

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