RE:RE:RE:RE:RE:New presentationThere is no way that banks get money to the masses and create the necessary demand. Banks get money to the rich.
An even bigger fallacy is that businesses create jobs. No, one of the primary goals of business is to reduce jobs and labor costs.
Increases in spending by the masses creates demand that in turn FORCES businesses to add jobs to keep up with the increased demand.
Banks do not give money to the masses. The rich do not give money to the masses. Businesses only give money to the masses when increased demand forces them to.
But if the masses have no money to spend, deflation becomes rampant and everyone suffers.
The only entity left to provide the masses with the needed money is government, which should have prudently, but did not, saved money for just such a situation. Too bad, but nevertheless, they still need provide the masses with the money, through both more government jobs, projects, and welfare.
That's the simple fact of life.
I'll be the first one to declare that gold is great in the inflationary times that we must have, but in deflation it will suck like everything else.
Poor Irish, he thinks he can sell his gold bullion, because it is metal, for $2,000 per ounce or some other premium over the going price. I gotta watch him do that deal, he better get to that buyer before that buyer buys the Brooklyn Bridge instead. Yeah, right, what sucker is gonna pay him over the quoted price? Dream on Irish, you can think that as long as you never try to actually sell it. Then the rude awakening will come, be prepared.