Jim Rickards: Why Inflation Will Turn To Deflation Fast

James Rickards: Why Inflation Will Turn To Deflation Fast

In this insightful video, James Rickards discusses the delicate balance between inflation and deflation in the economy. He explains how these two opposing forces can have a significant impact on our daily lives and why we need to pay attention to their fluctuations.

If you're worried about rising prices and the effects of inflation on your financial well-being, this video is a must-watch. James Rickards breaks down the complex concepts of inflation and deflation in a way that's easy to understand for everyone.

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DISCLAIMER:

Finance Zoom wants to make it clear that the information we share in our videos are not intended to be professional financial advice or a substitute for consulting with a financial advisor. While we strive to provide accurate and helpful information, we am not a financial professional and our observations and best practices are based on our own experiences and insights from experts in the field.
Remember that everyone's financial situation is unique, and what works for one person may not work for another. That's why it's always a good idea to do your own research and consult with a qualified financial advisor before making any major financial decisions.

[joyn]

Deflation stikes fear in the hearts of the GREEDIEST that society has to offer lmao.

[stephenbush]

I don't think deflation can happen without a strengthening of the dollar. Goods and services in America cannot cost less dollars without the dollar becoming worth more. This can't happen because of the trillions and trillions of EXCESS dollars that have been and ARE now being printed and flooding the world, making YOUR dollars worth LESS and goods and services YOU purchase costing MORE of them. If the government were to collect most of those excess dollars and burn them, then we could have deflation as long as the dollars strength in the world was maintained, and that continued strength is becoming less and less likely. Trillions of EXCESS dollars were printed to bail out the so-called elite, their friends and families, and to BUY their political agendas with free money to populations both BEFORE and after they acquired the ability to control who would win elections without suffering backlashes from doing that which they could not also control. I don't think there will be deflation. The dollar is far to diluted and mismanaged for that to happen while at the same time much of the world is turning against the dollar and America.

[Wealthward]

Deflation is ultimately good for the masses. We live in a credit-based inflationary system because it's a way to slowly reinstate serfdom without the masses noticing.

[pastorg]

If inflation is the devaluation of money then deflation is the increasing value of money. I’m ok with that!

[sabastianjohnson]

M2 negative first time since 1930s. I disagree with point #4. The rich have assets and will be hurt most by deflation

[joyn]

Businesses having less money is a whole lot better than the 99% having less money. Businesses are only cutting into money they don't NEED unlike the common household. Bussiness man/woman: " Oh no, I only made 50 million this year, how will I get my every three month, BRAND NEW shiney Tesla?" Blue color worker: " Oh no, my boss only made 50 million this year, so he/she cut my pay how will I pay rent, or eat?"🙄🙄

[RB-yjng]

Deflation may be our only saving grace once automation and AI are put in full force across all industries. Many will be without jobs, and the jobs that will remain will make far less to afford todays inflation .

[jessicasquire]

I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far.