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Be Prepared, Folks…
by Karl Denninger Market-Ticker.org
Deflation, in size, is coming.
I know this is an “outlying” opinion.
But it is inevitable for one reason above all others: The other alternative is the economic and political collapse of the nation.
The market is telling you it will not be collapse – it will be deflation.
Why?
Because the dollar isn’t in the toilet. And it won’t go there either.
Powell lacks the stones to publicly tell Congress to either cut the deficit spending or the market is going to take away the rate question from The Fed entirely and, in fact, it always has in that The Fed has always, historically, followed market rates. They maintain the illusion of it being otherwise because without that what can The Fed sell the public as their value, never mind the so-called “independent” central bank?
Nothing.