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Who to Believe? Credit Crisis Deflation Devaluation

Who to Believe? Credit Crisis Deflation Devaluation

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Do you find it perplexing that the same people and institutions that told us that there was nothing to worry about, that the financial fundamentals were fine, and that there was no reason to be concerned about an economic crisis are the same people who are saying the worst is over, the recession has ended, and that their solutions to the crisis have worked?
Do you find it perplexing that the same people and institutions that told us that there was nothing to worry about, that the financial fundamentals were fine, and that there was no reason to be concerned about an economic crisis are the same people who are saying the worst is over, the recession has ended, and that their solutions to the crisis have worked?

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Published by: Deflation Times at Scribd on Oct 07, 2009
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10/7/09 12:59 PMCredit Crisis and Deflation Devaluation | http://www.thedeflationtimes.comPage 1 of 5http://www.thedeflationtimes.com/2009/10/06/credit-crisis-and-deflation-devaluation/
Abandon All Hope: Deflation, Financial Crisis, Credit Crisis, Subprime Crisis, Financial Crash, Bailout,Wall Street Crash, Foreclosures, Bank Failures, FDIC Bank Fails, Bank Bailouts, Depression. ProtectYourself: Elliott Wave, Top 100 Safest US Banks, Safe Banks, Tomorrow’s News Today.
Credit Crisis and Deflation Devaluation
Doyou find it perplexing that the same people and institutions that told us that there was nothing toworry about, that the financial fundamentals were fine, and that there was no reason to be concernedabout an economic crisis are the same people whoare saying the worst is over, the recession has ended,and that their solutions to the crisis have worked?We too feel completely baffled by this to and from. Who are we to believe?Whenforeclosure rates rises another 17 percent, reflecting a continued negative (deflation) trend, and U.S. credit card defaults rising to record levelswhile at the sametime the FDIC's Deposit Insurance Fund isnow negative(did you know that in 2008 and 2009, 121banks have failed?), how is it possible tosay that the recession is over?It is not. The second round of deflation is heading this way and it will continue its control of downwardpressure over all aspects of our economy.So instead of listening to the same people we've listened to before we should start paying attention topeople like Nobel Prize winner and Columbia University professor Joseph Stiglitz, who warns that,"Deflation threatens the U.S. economy and that could be dangerous." Or Bill Fox, Senior Bonds Analystat Elliott Wave International, who says in his article 'Inflation? Disinflation? In Your Dreams', "deflationwill likely continue to exact its toll over the coming months as money supply and credit keep
 
10/7/09 12:59 PMCredit Crisis and Deflation Devaluation | http://www.thedeflationtimes.comPage 2 of 5http://www.thedeflationtimes.com/2009/10/06/credit-crisis-and-deflation-devaluation/
evaporating (along with hope)."ShareThisPosted by Mary Filed inThe Economy|EditCreated: October 6th, 2009
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10/7/09 12:59 PMCredit Crisis and Deflation Devaluation | http://www.thedeflationtimes.comPage 3 of 5http://www.thedeflationtimes.com/2009/10/06/credit-crisis-and-deflation-devaluation/
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