Loading ...If there is a shortage, of dollars they will gain value. Deflation right? But story said the crisis will collapse the dollars value??? Inflation?? right? They say after every massive inflation, comes a deflation. The so called inflation caused wages 1970 to 1980, led to use of cheaper foreign labor and a deflation in real wages 1980 to present. (Deflation also in commodities 1980 to 2001.) This is why the bone heads are falling over each other promoting higher wage levels
This reminds me of the movie Catch Me If You Can with Leonardo Decaprio. He met his new girlfriends father Martin Sheen whos daughter claimed her new boyfriend was both a Doctor AND a lawyer. 🙂
If you believe everything is in reverse? Globalization age of travel etc? Well the US Dollar lost 95% of its value since 1913. A long term stealth hyperinflation. An invisible inflation? Invisible loss of value??
If you come from India and work at a gas station, for three months, you can save up enough to go back home a buy a new car cash. If you work here for a year and save money? You can go back home and buy a house cash. $6,000 US for a house. If you retire therewith $100k you can live in a 5 star hotel. I used to chat with the two Indians running the Getty station. 🙂
Bottom line. The Dollar has been good for foreigners and bad for Americans. We can’t go anywhere and work for a year come home and buy a house cash. So if the “reversal” takes place? The Dollar will become very good for Americans and bad for foreigners.
I might be wrong on this, but I think this virus thing is looking like it’s 1000 times bigger than the
“Weapons Of Mass Destruction” story.
And remember flight 800? Fuel Tank explosion? The CIA had to make a little documentary for prime time TV, showing the nose breaking off a 747, and then shows the 747 GAINING altitude??? To explain flames seen going upward like a rocket.
Talk to some pilots and ask them if a lumbering jet trying to gain altitude with a ROUNDED nose will climb after the nose breaks off? It would be like a parachute in front.
The earliest reports within minutes of the explosion on local channel 12 news, they were interviewing people near the water having bar b qs, that all said they thought it was fireworks. Re flames going upward at an angle.
The earliest new reports are always the best before they get cleaned up a little.