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Hyper-deflation: Any Comments?

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posted on Jul, 15 2008 @ 04:49 AM
Basically the guy says hyper-deflation will cause a stock market crash at at the end of the year or early next year after the election.

The things that come out of his mouth may as well originate from a different planet as far as I am concerned, maybe the more astute economic members can chime in here.

For what it is worth, he is getting plenty of attention on youtube and pretty good questions are coming from the heard that has watched his videos. A lot of disagreement and agreement. Just thought I would mention that.

Oh,I have no idea bout the shades, maybe they are prescription? He is kinda old

(in case the vid doesnt work)

posted on Jul, 15 2008 @ 06:06 AM
The URL contained a malformed video ID
Basically "Hyper" deflation and new terms they like to make up mean nothing.
The great depression saw the DJI go back to the price it originally started at.
And we recovered from that.
So basically thats about as bad as it can get and we have had it.
Currently its heading towards July 2006 lows.
When it was first published, the index stood at 40.94.
The great depression saw it at 41.22.
Its currently at 11055.19.
So as you see there is a long way to go to end up back at its starting point.
Which is the worst it can get and we have recovered from that once already.

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