About 'debt of the usa'|THE REALITY OF THE DEBT OF USA...! & Other Countries...!

About 'debt of the usa'|THE REALITY OF THE DEBT OF USA...! & Other Countries...!

Ｉｎｔｅｒｖｉｅｗ               ｇｒａｎｔｅｄ               ｔｏ               Ｂａｎｋｒａｔｅ.ｃｏｍ,               Ａｕｇｕｓｔ               2010               Ｑ. Ｗｈｙ               ｗｏｕｌｄ               ｄｅｆｌａｔｉｏｎ               ｈａｐｐｅｎ               ｉｎ               ｔｈｅ               Ｕｎｉｔｅｄ               Ｓｔａｔｅｓ?                Ａ. Ｆｏｒ               ｄｅｆｌａｔｉｏｎ               ｔｏ               ｈａｐｐｅｎ               ｉｎ               ｔｈｅ               ＵＳＡ,               ａｎ               ｕｎｌｉｋｅｌｙ               ｃｏｎｆｌｕｅｎｃｅ               ｏｆ               ｅｃｏｎｏｍｉｃ               ｄｅｖｅｌｏｐｍｅｎｔｓ               ａｎｄ               ｐｏｌｉｃｙ               ｅｒｒｏｒｓ               ｍｕｓｔ               ｏｃｃｕｒ. Ｕｎｅｍｐｌｏｙｍｅｎｔ               ｍｕｓｔ               ｒｅｓｕｒｇｅ               ａｎｄ               ｒｅａｃｈ               ｌｅｖｅｌｓ               ｏｆ               ｗｅｌｌ               ａｂｏｖｅ               15%               ｏｎ               ａ               ｐｒｏｌｏｎｇｅｄ               ａｎｄ               ｓｕｓｔａｉｎｅｄ               ｂａｓｉｓ;               ｃｏｎｓｕｍｐｔｉｏｎ               ａｎｄ,               ｃｏｎｓｅｑｕｅｎｔｌｙ,               ｃａｐｉｔａｌ               ｉｎｖｅｓｔｍｅｎｔ               ｍｕｓｔ               ｃｏｌｌａｐｓｅ;               ａｓｓｅｔ               ｐｒｉｃｅｓ               -               ｅｓｐｅｃｉａｌｌｙ               ｅｑｕｉｔｙ               ａｎｄ               ｒｅｓｉｄｅｎｔｉａｌ               ｒｅａｌ-ｅｓｔａｔｅ               -               ｍｕｓｔ               ｃｒｕｍｂｌｅ;               ｔｈｅ               ｂａｎｋｉｎｇ               ｓｙｓｔｅｍ               ｍｕｓｔ               ｓｕｆｆｅｒ               ａ               ｓｕｂｓｔａｎｔｉａｌ               ｃｏｎｔｒａｃｔｉｏｎ;               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｍｕｓｔ               ｃｕｔ               ｉｔｓ               ｂｕｄｇｅｔ               ｄｅｆｉｃｉｔ               ｃｏｎｓｉｄｅｒａｂｌｙ               ａｎｄ               ａｂｒｕｐｔｌｙ;               ａｎｄ               ｔｈｅ               Ｆｅｄｅｒａｌ               Ｒｅｓｅｒｖｅ               ｍｕｓｔ               ｔｕｒｎ               ｓｔｒｉｃｔ               ａｎｄ               ｄｅｍｏｎｅｔｉｚｅ               ｔｈｅ               ｅｃｏｎｏｍｙ               (ｂｌｅｅｄ               ｉｔ               ｄｒｙ               ｂｙ               ｓｉｐｈｏｎｉｎｇ               ｏｆｆ               ｌｉｑｕｉｄｉｔｙ). Ｎｏｎｅ               ｏｆ               ｔｈｅｓｅ               ｓｉｘ               ｄｏｏｍｓｄａｙ               ｓｃｅｎａｒｉｏｓ               ｉｓ               ｌｉｋｅｌｙ               ｔｏ               ｍａｔｅｒｉａｌｉｚｅ.                Ｔｈｅ               ＵＳＡ               ｉｓ               ｐｒｏｂａｂｌｙ               ｆａｃｉｎｇ               ｙｅａｒｓ               ｏｆ               ｌｏｗ               ｉｎｆｌａｔｉｏｎ,               ｗｈｉｃｈ               ｈａｓ               ｐｅｒｎｉｃｉｏｕｓ               ｅｆｆｅｃｔｓ               ｏｆ               ｉｔｓ               ｏｗｎ,               ｂｕｔ               ｉｓ               ｎｏｔ               ｔｈｅ               ｓａｍｅ               ａｓ               ｄｅｆｌａｔｉｏｎ.                Ｑ. Ｈｏｗ               ｗｏｕｌｄ               ｄｅｆｌａｔｉｏｎ               ａｆｆｅｃｔ               ｉｎｖｅｓｔｍｅｎｔ               ａｎｄ               ｃｏｎｓｕｍｐｔｉｏｎ? Ｉ               ｈａｖｅ               ｔｒｏｕｂｌｅ               ｗｒａｐｐｉｎｇ               ｍｙ               ｈｅａｄ               ａｒｏｕｎｄ               ｔｈｅ               ｃｏｎｃｅｐｔ               ｔｈａｔ               ｉｎｆｌａｔｅｄ               ｄｏｌｌａｒｓ               ａｒｅ               ｗｏｒｔｈ               ｍｏｒｅ               ａｎｄ               ｄｅｆｌａｔｅｄ               ｄｏｌｌａｒｓ               ａｒｅ               ｗｏｒｔｈ               ｌｅｓｓ,               ｆｏｒ               ｓｏｍｅ               ｒｅａｓｏｎ.                Ａ. Ｉｔ               ｉｓ               ｔｈｅ               ｏｔｈｅｒ               ｗａｙ               ａｒｏｕｎｄ,               ａｃｃｏｒｄｉｎｇ               ｔｏ               ｏｒｔｈｏｄｏｘ               ｍｏｎｅｔａｒｙ               ｅｃｏｎｏｍｉｃｓ:               ｉｎｆｌａｔｅｄ               ｄｏｌｌａｒｓ               ａｒｅ               ｗｏｒｔｈ               ｌｅｓｓ               ａｎｄ               ｄｅｆｌａｔｅｄ               ｄｏｌｌａｒｓ               ａｒｅ               ｗｏｒｔｈ               ｍｏｒｅ. Ｄｅｆｌａｔｉｏｎ               ｍｅａｎｓ               ｔｈａｔ               ｔｈｅ               ｐｒｉｃｅｓ               ｏｆ               ｇｏｏｄｓ               ａｎｄ               ｓｅｒｖｉｃｅｓ               ａｒｅ               ｇｏｉｎｇ               ｄｏｗｎ               ａｎｄ               ｓｏ               ｔｈｅ               ｐｕｒｃｈａｓｉｎｇ               ｐｏｗｅｒ               ｏｆ               ｙｏｕｒ               ｄｏｌｌａｒｓ               ｉｓ               ｇｏｉｎｇ               ｕｐ. Ｔｒａｄｉｔｉｏｎａｌ               ｅｃｏｎｏｍｉｃｓ               ｃｌａｉｍｓ               ｔｈａｔ               ｄｅｆｌａｔｉｏｎ               ａｃｔｕａｌｌｙ               ｉｎｃｒｅａｓｅｓ               ｔｈｅ               ｖａｌｕｅ               ｏｆ               ｃａｓｈ               ｔｏ               ｉｔｓ               ｈｏｌｄｅｒ               ｂｙ               ｅｎｈａｎｃｉｎｇ               ｉｔｓ               ｐｕｒｃｈａｓｉｎｇ               ｐｏｗｅｒ               ｉｎ               ａｎ               ｅｎｖｉｒｏｎｍｅｎｔ               ｏｆ               ｄｅｃｌｉｎｉｎｇ               ｐｒｉｃｅｓ               (ｎｅｇａｔｉｖｅ               ｇｒｏｗｔｈ               ｉｎ               ｔｈｅ               ａｖｅｒａｇｅ               ｐｒｉｃｅ               ｌｅｖｅｌ). Ｃｏｎｓｕｍｅｒｓ               ａｒｅ               ｔｈｕｓ               ｉｎｃｅｎｔｉｖｉｚｅｄ               ｔｏ               ｄｅｌａｙ               ｔｈｅｉｒ               ｃｏｎｓｕｍｐｔｉｏｎ. Ｉｆ               ｐｒｉｃｅｓ               ａｒｅ               ｇｏｉｎｇ               ｄｏｗｎ,               ｗｈｙ               ｎｏｔ               ｗａｉｔ               ａｎｄ               ｐｕｒｃｈａｓｅ               ｔｈｅ               ｓａｍｅ               ｆｏｒ               ｌｅｓｓ               ｌａｔｅｒ               ｏｎ?                Ｉｎ               ｍｙ               ｖｉｅｗ,               ｔｈｏｕｇｈ,               ｔｈｉｓ               ｉｓ               ｏｎｌｙ               ｔｒｕｅ               ｉｎ               ｔｈｅ               ｓｈｏｒｔ-ｔｅｒｍ. Ｉｔ               ｉｓ               ｔｒｕｅ               ｔｈａｔ               ｉｎ               ａ               ｄｅｆｌａｔｉｏｎａｒｙ               ｃｙｃｌｅ,               ｃｏｎｓｕｍｅｒｓ               ａｒｅ               ｌｉｋｅｌｙ               ｔｏ               ｄｅｌａｙ               ｃｏｎｓｕｍｐｔｉｏｎ               ｉｎ               ｏｒｄｅｒ               ｔｏ               ｅｎｊｏｙ               ｌｏｗｅｒ               ｐｒｉｃｅｓ               ｌａｔｅｒ. Ｂｕｔ               ｔｈｉｓ               ｐａｒａｌｙｓｉｓ               ｉｎ               ｃｏｎｓｕｍｐｔｉｏｎ               ｉｓ               ｐｒｅｃｉｓｅｌｙ               ｗｈａｔ               ｒｅｎｄｅｒｓ               ｍｏｓｔ               ａｓｓｅｔ               ｃｌａｓｓｅｓ               -               ｉｎｃｌｕｄｉｎｇ               ｃａｓｈ               -               ｐｒｅｃａｒｉｏｕｓ               ａｎｄ               ｕｎｐｒｏｆｉｔａｂｌｅ               ｉｎ               ｔｈｅ               ｌｏｎｇ-ｔｅｒｍ.                Ｏｎ               ｔｈｅ               ｐｏｌｉｃｙ               ｌｅｖｅｌ,               ｄｅｆｌａｔｉｏｎａｒｙ               ｅｘｐｅｃｔａｔｉｏｎｓ               (ｌｅｔ               ａｌｏｎｅ               ａｃｔｕａｌ               ｄｅｆｌａｔｉｏｎ)               ｌｅａｄ               ｔｏ               "ｌｉｑｕｉｄｉｔｙ               ｔｒａｐｓ":               ｚｅｒｏ               ｉｎｔｅｒｅｓｔ-ｒａｔｅｓ               ｆａｉｌ               ｔｏ               ｓｔｉｍｕｌａｔｅ               ｔｈｅ               ｅｃｏｎｏｍｙ               ａｎｄ               ｔｈｅ               ｍｏｎｅｔａｒｙ               ａｕｔｈｏｒｉｔｉｅｓ               -               ｕｎａｂｌｅ               ｔｏ               ｒｅｄｕｃｅ               ｉｎｔｅｒｅｓｔ               ｒａｔｅｓ               ｆｕｒｔｈｅｒ               -               ｒｅｍａｉｎ               ｐｏｗｅｒｌｅｓｓ               ｗｉｔｈ               ｔｈｅｉｒ               ａｍｍｕｎｉｔｉｏｎ               ｄｅｐｌｅｔｅｄ. Ｔｈｉｓ               ｍｅａｎｓ               ｔｈａｔ               ｃａｓｈ               ｂａｌａｎｃｅｓ               ａｎｄ               ｆｉｘｅｄ-ｔｅｒｍ               ｄｅｐｏｓｉｔｓ               ｉｎ               ｂａｎｋｓ               ｙｉｅｌｄ               ｎｏ               ｉｎｔｅｒｅｓｔ. Ｂｕｔ,               ｅｖｅｎ               ｚｅｒｏ               ｉｎｔｅｒｅｓｔ               ｔｒａｎｓｌａｔｅｓ               ｉｎｔｏ               ａ               ｐｏｓｉｔｉｖｅ               ｙｉｅｌｄ               ｉｎ               ｃｏｎｄｉｔｉｏｎｓ               ｏｆ               ｄｅｆｌａｔｉｏｎ. Ｔｈｅｏｒｅｔｉｃａｌｌｙ,               ｔｈｉｓ               ｆａｃｔ               ｓｈｏｕｌｄ               ｂｅ               ｅｎｏｕｇｈ               ｔｏ               ｄｒｉｖｅ               ｍｏｓｔ               ｐｅｏｐｌｅ               ｔｏ               ｈｏｌｄ               ｃａｓｈ.                Ｙｅｔ,               ｗｈａｔ               ｅｃｏｎｏｍｉｓｔｓ               ｔｅｎｄ               ｔｏ               ｏｖｅｒｌｏｏｋ               ｉｓ               ｔｒａｎｓａｃｔｉｏｎ               ｃｏｓｔｓ:               ｂａｎｋｓ               ｃｈａｒｇｅ               ａｃｃｏｕｎｔ               ｆｅｅｓ               ｔｈａｔ               ｏｕｔｗｅｉｇｈ               ｔｈｅ               ｂｅｎｅｆｉｔｓ               ｏｆ               ｐｏｓｓｅｓｓｉｎｇ               ｃａｓｈ               ｅｖｅｎ               ｗｈｅｎ               ｐｒｉｃｅｓ               ａｒｅ               ｄｅｃｒｅａｓｉｎｇ. Ｏｎｌｙ               ｉｎ               ｅｘｔｒｅｍｅ               ｄｅｆｌａｔｉｏｎ               ｉｓ               ｃａｓｈ               ｗｉｔｈ               ｚｅｒｏ               ｉｎｔｅｒｅｓｔ               ａ               ｐｒｏｆｉｔａｂｌｅ               ｐｒｏｐｏｓｉｔｉｏｎ               ｗｈｅｎ               ｗｅ               ｔａｋｅ               ｔｒａｎｓａｃｔｉｏｎ               ｃｏｓｔｓ               (ｂａｎｋ               ｆｅｅｓ               ａｎｄ               ｃｈａｒｇｅｓ)               ｉｎｔｏ               ａｃｃｏｕｎｔ. Ｂｕｔ               ｅｘｔｒｅｍｅ               ｄｅｆｌａｔｉｏｎ               ｕｓｕａｌｌｙ               ｒｅｓｕｌｔｓ               ｉｎ               ｔｈｅ               ｃｏｌｌａｐｓｅ               ｏｆ               ｔｈｅ               ｂａｎｋｉｎｇ               ｓｙｓｔｅｍ               ａｓ               ｄｅｌｅｖｅｒａｇｉｎｇ               ａｎｄ               ｄｅｆａｕｌｔｓ               ｓｅｔ               ｉｎ. Ｃａｓｈ               ｂａｌａｎｃｅｓ               ａｎｄ               ｄｅｐｏｓｉｔｓ               ｅｖａｐｏｒａｔｅ               ｔｏｇｅｔｈｅｒ               ｗｉｔｈ               ｔｈｅ               ｆｉｎａｎｃｉａｌ               ｉｎｓｔｉｔｕｔｉｏｎｓ               ｔｈａｔ               ｏｆｆｅｒ               ｔｈｅｍ.                Ｍｏｒｅｏｖｅｒ:               ｄｅｆｌａｔｉｏｎ               ｒｅｓｕｌｔｓ               ｉｎ               ｇｒｏｓｓ               ｉｍｂａｌａｎｃｅｓ               ｉｎ               ｔｈｅ               ｅｃｏｎｏｍｙ:               ｄｅｌａｙｅｄ               ｃｏｎｓｕｍｐｔｉｏｎ               ａｎｄ               ｃａｐｉｔａｌ               ｉｎｖｅｓｔｍｅｎｔ               ａｎｄ               ａｎ               ｉｎｃｒｅａｓｉｎｇ               ｄｅｂｔ               ｂｕｒｄｅｎ               (ｉｎ               ｒｅａｌ,               ｄｅｆｌａｔｉｏｎ-ａｄｊｕｓｔｅｄ               ｔｅｒｍｓ)               ａｄｖｅｒｓｅｌｙ               ａｆｆｅｃｔ               ｍａｎｕｆａｃｔｕｒｉｎｇ,               ｓｅｒｖｉｃｅｓ,               ａｎｄ               ｅｍｐｌｏｙｍｅｎｔ. Ｇｏｖｅｒｎｍｅｎｔ               ｆｉｎａｎｃｅｓ               ｗｏｒｓｅｎ               ａｓ               ｕｎｅｍｐｌｏｙｍｅｎｔ               ｒｉｓｅｓ               ａｎｄ               ｂｕｓｉｎｅｓｓ               ｂａｎｋｒｕｐｔｃｉｅｓ               ｓｏａｒ. Ｓｏｖｅｒｅｉｇｎ               ｄｅｂｔ               (ｇｏｖｅｒｎｍｅｎｔ               ｂｏｎｄｓ)               -               ａｎｏｔｈｅｒ               ｆｏｒｍ               ｏｆ               ｈｉｇｈｌｙ-ｌｉｑｕｉｄ,               "ｓａｆｅ"               ｉｎｖｅｓｔｍｅｎｔ               -               ｉｓ               ｔｈｕｓ               ｒｅｎｄｅｒｅｄ               ｍｏｒｅ               ｄｅｆａｕｌｔ-ｐｒｏｎｅ               ｉｎ               ｔｉｍｅｓ               ｏｆ               ｄｅｆｌａｔｉｏｎ.                Ｌｉｋｅ               ｉｎｆｌａｔｉｏｎ,               ｄｅｆｌａｔｉｏｎ               ｉｓ               ａ               ｂｒｅａｋｄｏｗｎ               ｉｎ               ｔｈｅ               ｃｏｎｓｅｎｓｕｓ               ｏｖｅｒ               ｐｒｉｃｅｓ               ａｎｄ               ｔｈｅｉｒ               ｓｉｇｎａｌｓ. Ａｓ               ｔｈｅｓｅ               ａｒｅ               ｅｍｂｏｄｉｅｄ               ｉｎ               ｔｈｅ               ｃｕｒｒｅｎｃｙ               ａｎｄ               ｉｎ               ｏｔｈｅｒ               ｆｏｒｍｓ               ｏｆ               ｄｅｂｔ,               ａ               ｐｒｕｄｅｎｔ               ｉｎｖｅｓｔｏｒ               ｗｏｕｌｄ               ｓｔａｙ               ａｗａｙ               ｆｒｏｍ               ｔｈｅｍ               ｄｕｒｉｎｇ               ｐｅｒｉｏｄｓ               ｏｆ               ｅｃｏｎｏｍｉｃ               ｕｎｃｅｒｔａｉｎｔｙ. Ａｔ               ｔｈｅ               ｅｎｄ,               ａｎｄ               ｃｏｎｔｒａｒｙ               ｔｏ               ｔｈｅ               ｄｉｃｔａ               ｏｆ               ｃｕｒｒｅｎｔ               ｅｃｏｎｏｍｉｃ               ｏｒｔｈｏｄｏｘｙ,               ｂｏｔｈ               ｄｅｆｌａｔｉｏｎ               ａｎｄ               ｉｎｆｌａｔｉｏｎ               ｅｒｏｄｅ               ｐｕｒｃｈａｓｉｎｇ               ｐｏｗｅｒ. Ｔｈｕｓ,               ａｌｌ               ａｓｓｅｔ               ｃｌａｓｓｅｓ               ｓｕｆｆｅｒ:               ｅｑｕｉｔｙ,               ｂｏｎｄｓ,               ｍｅｔａｌｓ,               ｃｕｒｒｅｎｃｉｅｓ,               ｅｖｅｎ               ｒｅａｌ-ｅｓｔａｔｅ. Ｔｈｅ               ｓｏｌｅ               ｅｘｃｅｐｔｉｏｎ               ｉｓ               ａｇｒｉｃｕｌｔｕｒａｌ               ｌａｎｄ. Ｆｏｏｄ               ｉｓ               ｔｈｅ               ｐｒｅｆｅｒｒｅｄ               ｍｅａｎｓ               ｏｆ               ｅｘｃｈａｎｇｅ               ｉｎ               ｂａｒｔｅｒ               ｅｃｏｎｏｍｉｅｓ               ｗｈｉｃｈ               ａｒｅ               ｔｈｅ               ｔｒａｇｉｃ               ｏｕｔｃｏｍｅｓ               ｏｆ               ｔｈｅ               ｂｒｅａｋｄｏｗｎ               ｉｎ               ｔｈｅ               ｉｎｖｉｓｉｂｌｅ               ｈａｎｄ               ｏｆ               ｔｈｅ               ｍａｒｋｅｔ.                Ｑ. Ｗｈａｔ               ｃａｎ               ｃｏｎｓｕｍｅｒｓ               ｄｏ               ｔｏ               ｐｒｏｔｅｃｔ               ｔｈｅｍｓｅｌｖｅｓ               ｆｒｏｍ               ｄｅｆｌａｔｉｏｎ               ａｎｄ               ｉｎｆｌａｔｉｏｎ,               ｏｎ               ａｎ               ｉｎｖｅｓｔｍｅｎｔ               ｌｅｖｅｌ               ａｓ               ｗｅｌｌ               ａｓ               ｉｎ               ｔｈｅ               ｂｒｏａｄｅｒ               ｅｃｏｎｏｍｙ?                Ａ. Ｉｎｆｌａｔｉｏｎ               ｉｎｃｒｅａｓｅｓ               ｔｈｅ               ｓｔａｔｅ'ｓ               ｒｅｖｅｎｕｅｓ               ｗｈｉｌｅ               ｅｒｏｄｉｎｇ               ｔｈｅ               ｒｅａｌ               ｖａｌｕｅ               ｏｆ               ｉｔｓ               ｄｅｂｔｓ,               ｏｂｌｉｇａｔｉｏｎｓ,               ａｎｄ               ｅｘｐｅｎｄｉｔｕｒｅｓ               ｄｅｎｏｍｉｎａｔｅｄ               ｉｎ               ｌｏｃａｌ               ｃｕｒｒｅｎｃｙ. Ｉｎｆｌａｔｉｏｎ               ａｃｔｓ               ａｓ               ａ               ｔａｘ               ａｎｄ               ｉｓ               ｆｉｓｃａｌｌｙ               ｃｏｒｒｅｃｔｉｖｅ,               ｂｕｔ               ｗｉｔｈｏｕｔ               ｔｈｅ               ｒｅｃｅｓｓｉｏｎａｒｙ               ａｎｄ               ｄｅｆｌａｔｉｏｎａｒｙ               ｅｆｆｅｃｔｓ               ｏｆ               ａ               "ｒｅａｌ"               ｔａｘ. Ｔｈｕｓ,               ｉｎｆｌａｔｉｏｎ               ｉｓ               ｂａｄ               ｆｏｒ               ｇｏｖｅｒｎｍｅｎｔ               ｂｏｎｄｓ               ａｎｄ               ｄｅｆｌａｔｉｏｎ               ｉｎｃｒｅａｓｅｓ               ｔｈｅｉｒ               ｖａｌｕｅ               (ｌｏｗｅｒｓ               ｔｈｅｉｒ               ｙｉｅｌｄｓ). Ｉｎｆｌａｔｉｏｎ-ｌｉｎｋｅｄ               ｂｏｎｄｓ,               ｔｈｏｕｇｈ,               ａｒｅ               ａ               ｇｒｅａｔ               ｉｎｖｅｓｔｍｅｎｔ               ａｔ               ａｌｌ               ｔｉｍｅｓ,               ｅｖｅｎ               ｗｉｔｈ               ｍｉｎｉｍａｌ               ｄｅｆｌａｔｉｏｎ.                Ｉｎｆｌａｔｉｏｎ               ａｌｓｏ               ｉｍｐｒｏｖｅｓ               ｔｈｅ               ｌｏｔ               ｏｆ               ｃｏｒｐｏｒａｔｅ               -               ａｎｄ               ｉｎｄｉｖｉｄｕａｌ               -               ｂｏｒｒｏｗｅｒｓ               ｂｙ               ｉｎｃｒｅａｓｉｎｇ               ｔｈｅｉｒ               ｅａｒｎｉｎｇｓ               ａｎｄ               ｍａｒｇｉｎａｌｌｙ               ｅｒｏｄｉｎｇ               ｔｈｅ               ｖａｌｕｅ               ｏｆ               ｔｈｅｉｒ               ｄｅｂｔｓ               (ａｎｄ               ｓａｖｉｎｇｓ). Ｉｔ               ｃｏｎｓｔｉｔｕｔｅｓ               ａ               ｄｉｓｉｎｃｅｎｔｉｖｅ               ｔｏ               ｓａｖｅ               ａｎｄ               ａｎ               ｉｎｃｅｎｔｉｖｅ               ｔｏ               ｂｏｒｒｏｗ,               ｔｏ               ｃｏｎｓｕｍｅ,               ａｎｄ,               ａｌａｓ,               ｔｏ               ｓｐｅｃｕｌａｔｅ. "Ｔｈｅ               Ｅｃｏｎｏｍｉｓｔ"               ｃａｌｌｅｄ               ｉｔ               "ａ               ｓｐｌｅｎｄｉｄ               ｗａｙ               ｔｏ               ｔｒａｎｓｆｅｒ               ｗｅａｌｔｈ               ｆｒｏｍ               ｓａｖｅｒｓ               ｔｏ               ｂｏｒｒｏｗｅｒｓ."               Ｓｏ,               ｉｎｆｌａｔｉｏｎ               ｉｓ               ｇｏｏｄ               ｆｏｒ               ｅｑｕｉｔｙ               ｍａｒｋｅｔｓ               ｉｎ               ｔｈｅ               ｓｈｏｒｔ               ｔｏ               ｍｅｄｉｕｍ               ｔｅｒｍ,               ｗｈｉｌｅ               ｄｅｆｌａｔｉｏｎ               ｈａｓ               ｅｘａｃｔｌｙ               ｔｈｅ               ｏｐｐｏｓｉｔｅ               ｅｆｆｅｃｔ.                Ｔｈｅ               ｃｏｎｎｅｃｔｉｏｎ               ｂｅｔｗｅｅｎ               ｉｎｆｌａｔｉｏｎ               ａｎｄ               ａｓｓｅｔ               ｂｕｂｂｌｅｓ               ｉｓ               ｕｎｃｌｅａｒ. Ｏｎ               ｔｈｅ               ｏｎｅ               ｈａｎｄ,               ｓｏｍｅ               ｏｆ               ｔｈｅ               ｇｒｅａｔｅｓｔ               ｆｉｚｚ               ｉｎ               ｈｉｓｔｏｒｙ               ｏｃｃｕｒｒｅｄ               ｄｕｒｉｎｇ               ｐｅｒｉｏｄｓ               ｏｆ               ｄｉｓｉｎｆｌａｔｉｏｎ. Ｏｎｅ               ｉｓ               ｒｅｍｉｎｄｅｄ               ｏｆ               ｔｈｅ               ｇｌｏｂａｌ               ｂｏｏｍ               ｉｎ               ｔｅｃｈｎｏｌｏｇｙ               ｓｈａｒｅｓ               ａｎｄ               ｒｅａｌ               ｅｓｔａｔｅ               ｉｎ               ｔｈｅ               1990'ｓ. Ｏｎ               ｔｈｅ               ｏｔｈｅｒ               ｈａｎｄ,               ｓｏａｒｉｎｇ               ｉｎｆｌａｔｉｏｎ               ｆｏｒｃｅｓ               ｐｅｏｐｌｅ               ｔｏ               ｒｅｓｏｒｔ               ｔｏ               ｈｅｄｇｅｓ               ｓｕｃｈ               ａｓ               ｇｏｌｄ               ａｎｄ               ｒｅａｌｔｙ,               ｉｎｆｌａｔｉｎｇ               ｔｈｅｉｒ               ｐｒｉｃｅｓ               ｉｎ               ｔｈｅ               ｐｒｏｃｅｓｓ. Ｉｎｆｌａｔｉｏｎ               -               ｃｏｕｐｌｅｄ               ｗｉｔｈ               ｌｏｗ               ｏｒ               ｎｅｇａｔｉｖｅ               ｉｎｔｅｒｅｓｔ               ｒａｔｅｓ               -               ａｌｓｏ               ｔｅｎｄｓ               ｔｏ               ｅｘａｃｅｒｂａｔｅ               ｐｅｒｉｌｏｕｓ               ｉｍｂａｌａｎｃｅｓ               ｂｙ               ｅｎｃｏｕｒａｇｉｎｇ               ｅｘｃｅｓｓ               ｂｏｒｒｏｗｉｎｇ,               ｆｏｒ               ｉｎｓｔａｎｃｅ.                Ｄｅｆｌａｔｉｏｎ               ｉｓ               ｋｉｎｄ               ｔｏ               ｃａｓｈ               ａｎｄ               ｃａｓｈ-ｅｑｕｉｖａｌｅｎｔｓ               (ｅ.ｇ.,               ｆｉｘｅｄ-ｔｅｒｍ               ｄｅｐｏｓｉｔｓ               ａｎｄ               ＣＤｓ),               ｂｕｔ               ｏｎｌｙ               ｉｎ               ｔｈｅ               ｓｈｏｒｔ-ｔｅｒｍ. Ｉｎ               ｔｈｅ               ｌｏｎｇ-ｔｅｒｍ               ｉｔ               ｈａｓ               ａｎ               ａｄｖｅｒｓｅ               ｅｆｆｅｃｔ               ｏｎ               ａｌｌ               ａｓｓｅｔ               ｃｌａｓｓｅｓ               (ｓｅｅ               ｗｈａｔ               ｈａｐｐｅｎｅｄ               ｉｎ               Ｊａｐａｎ               ｉｎ               ｔｈｅ               1990ｓ)               ｗｉｔｈ               ｔｈｅ               ｅｘｃｅｐｔｉｏｎ               ｏｆ               ａｇｒｉｃｕｌｔｕｒａｌ               ｌａｎｄ.

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7. Eurogroup President US And Japan Under The Insolvency Bus: "The Debt Level Of The USA Is Disastrous"

   fittoblog.blogspot.com/   06/11/2011

   ... to highlighting the problems of the US: " The debt level of the USA is disastrous, " Mr. Juncker said. " The real problem is that no one...

8. The USA Debt Ceiling and Democracy's failure

   scientific-child-prodigy.blogspot.com/   07/15/2011

   ...it looks like the national debt will soon have the power to bring it down. It is a pity to note it, but the USA’s lauded version of democracy doesn’t seem to be...

9. S & P downgrade of USA debt from AAA to AA+ just not that big a deal

   tomfaranda.typepad.com/folly/   08/06/2011

   ... to dump USA bonds - ...try to blame it on the Tea Party . ( UPDATE: It...There will be a kind of cascade effect, ...in the debate over the debt had made the...

10. The "Debt Ceiling" is a Republican responsibility for eight years of UNCHECKED DOMESTIC spending for the sake of a 'jobs market.'

    stopwarsaveearth.blogspot.com/   07/06/2011

    ... by no means broke.... The current USA debt is directly related to the unchecked spending of the Bush/Cheney domestic failure to garner a sincere economy...

Debt Of The Usa - Blog Homepage Results

My Fifty Years of USA Student Loan DebtbyJD Painter

http://esqpainting.blogspot.com/

A PLEA TO THE UNITED STATES PRESIDENT AND CONGRESS FOR HELP

Drop the Debt @ Pitt (DTD @ PIT)bysankofa3mm

http://dtd-pitt.blogspot.com/

...Pittsburgh(DTD @ PIT)--an advocacy group--part of a faith-based network to cancel the debt of impoverished nations (an affliate of Jubilee USA Network--www.jubileeusa.org) Meetings: TUESDAYS, 8-9:30pm, Posvar Hall...

Stuart's Financial AdvisorsbyCraig Stuart

http://alexstuartinsurance.wordpress.com/

...article that probably explains the debt crisis in the USA the best and why we are where we...President Obama having to serve his term of office with this weight on his ...

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Current Debt of United States Debt by Year United States United States Debt Articles Truth About the National Debt Debt Ceiling Crisis 2011 Summary The Truth About Us Debt Debt Ceiling Negotiations History United States National Debt Article

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