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The government will report its key inflation index Friday morning, the Consumer Price Index, and economists believe the report is likely to show the first year-over-year drop in prices since 1955.
That's because deflation, or a widespread drop in prices, is one of the most destructive forces that can hit an economy.
Deflation is most often associated with the Great Depression. In 1930, consumer prices fell 2.3% and plunged 9% a year later. Prices fell nearly 10% in 1932 before the rate of decline started to slow. Still, prices didn't turn higher again until 1934.
The thing to find out, and I'm hoping the corporate records will show, is who are the shareholders? Who profits - for example - from the 'private, for-profit, corporate CIA' or the 'private, for-profit, corporate IRS' or the 'private, for-profit Social Security' - that those in charge are now telling us is 'broke.' Who is on the board of directors of 'UNITED STATES OF AMERICA, INC
Originally posted by ben91069
Wait. Does that say widespread drop in prices hurts our economy?
Whose economy? The rich and wealthy?
I don't know about you, but I could stand to have everything available dirt cheap right now.