"Most sober economists agree on one thing: The United States is headed for a depression.
Those who hold this view divide into two camps. The first camp says the upcoming depression will be deflationary, the second thinks it will be inflationary.
The question is not merely academic, as it has a direct bearing on how we should prepare for the hard time ahead.
If the forthcoming depression is deflationary, then we should hold on to our dollars, because their purchasing value will increase. To put it another way, money will buy us more things in the future than it does now.
If, on the other hand, the depression turns out to be inflationary, then we should get rid off dollars and buy things that are likely to hold value such as gold or commodities or perhaps other currencies"...........READ MORE
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