"A deflationary crash is characterized in part by a persistent, sustained, deep, general decline in people's desire and ability to lend and borrow... The U.S. has experienced two major deflationary depressions, which lasted from 1835 to 1842 and from 1929 to 1932 respectively. Each one followed a period of substantial credit expansion. Credit expansion schemes have always ended in bust. The credit expansion scheme fostered by worldwide central banking...is the greatest ever...If my outlook is correct, the deflationary crash that lies ahead will be even bigger than the two largest such episodes of the past 200 years.Is there evidence now that a deflationary trend is underway? Dear reader, the evidence is abundant and growing by the day."
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