Deflation & Barter Economy Coming – Rick Ackerman

September 05, 2023

by Greg Hunter USA Watchdog

Analyst, financial writer and professional trader Rick Ackerman is forecasting a “deflationary end” to our debt-bloated financial system. Ackerman contends, “I think everybody agrees we have more debt than we can ever repay. So, it’s going to have to be repaid one way or another. The debt has to be discharged. Every penny of every debt has to be paid, if not by the borrower, by the lender. Hyperinflation would let borrowers skip free. . . . The powers that be are not going to go for that. The lenders are going to be in charge. This is why I said all of the mortgage contracts will come to resemble leases. This is so the lenders don’t wind up evicting 110 million Americans from their homes. . . . Things have gotten far crazier than I could have imagined a decade ago when I was forecasting a deflationary end.”