good write up @jrcornel - Central Bankers fear Deflation. They are willing to go to great lengths including flirting with Inflation to avoid Deflation.

are you familiar with Ben Bernake's speech on Deflation before he was the Federal Reserve Bank Chairman?

Remarks by Governor Ben S. Bernanke Before the National Economists Club, Washington, D.C., November 21, 2002 - "Deflation: Making Sure "It" Doesn't Happen Here"

He references the economic woes of Japan and asks, "So, is deflation a threat to the economic health of the United States?"

He observes almost prophetically back in 2002, "Deflation great enough to bring the nominal interest rate close to zero poses special problems for the economy and for policy."

His short answer is, don't worry, deflation can be prevented and "cured".

How? He reasons,

"the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

"By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.

We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.

Well, he tried, and now 10 Trillion Dollars in new debt later it is safe to say the printing press solution didn't succeed - it didn't generate higher spending and it hasn't increased inflation.

It did postpone the Day of Reckoning and succeeded in making the debt problem much bigger, a problem that is so big now that it can only be resolved by devaluing the currency.

History repeats itself until we learn the lesson it is trying to teach us. The Zimbabwe scenario is not new. Remember the Weimar Republic in the early 1920's before Hitler?

Germany's post 'World War I' debt was too big to repay. It cut loose of the Gold Standard and printed more and more money to stimulate the economy and pay off her debts. That didn't end well - not for Germany and not for the World either.

image > 50,000,000,000,000 marks Eschweiler, 1923

Be safe and wise people, these are troubled times. Monetary policy has taken us into uncharted waters. this is the first time the entire world is so closely linked financially. we are truly going 'where no man has gone before'

what does the future hold? it doesn't look good. play safe and get out of

here's the link to Bernanke's speech > https://www.federalreserve.gov/boarddocs/speeches/2002/20021121/

here's a couple of links about Zimbabwe if you want to see hyper-devaluation in full force today >

https://www.forbes.com/sites/stevehanke/2017/09/30/zimbabwe-inflates-again/#64d2584d10d6

http://www.news24.com/Africa/Zimbabwe/spectre-of-zimbabwe-hyperinflation-triggers-panic-buying-20171001

and here's a link to the Weimar Republic Hyper-Inflation if you want to look back in time to learn what the future holds > https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

what does the future hold? it doesn't look good. play safe and get out of consumer debt, have an emergency/opportunity fund, have some gold and silver coins and now there is even a way to have some digital currency too.