Reply #2: Gee, whiz, what a surprise. [View All]

[Warpy]

Only a total fool or somebody with a lot of gold to get rid of quickly would say inflation is going to be a problem during the near future. This is a purely deflationary economy, people thrown out of work unable to demand goods and services, throwing other people out of work and retailers and service industries having to cut their prices to unload what they have left.

Having money isn't going to be that much of an advantage since there will be few places to buy anything new, we're all going to be swapping the last few bucks around with each other as we sell things to pay the rent and put some food on the table.

That doesn't mean that offshore producers won't raise their prices. It means they are losing their largest market, thanks in part to their success at getting corporations to help them loot industry from the US, leaving workers beggared.