MInTheGap

Standing in the Gap in a Society that's Warring with God.

Are We In a Depression?

October 7th, 2011 Viewed 2397 times

benjamin 251

The word “depression” carries with it such huge baggage that people will do everything they can to avoid it.  The problem is that it shouldn’t be feared, as it’s part of the normal cycle of finance—there has to be a contraction just as there is an expansion.  Trying to deny reality here is pointless.

The question that we are faced with is:

Do we embrace this part of the cycle, or try to avoid it and end up making it more painful?

Our leaders are currently doing the latter.  They are inflating the dollar, they are trying to extend credit.  They are attempting to influence the economy strictly on the supply side, where it is the demand side that creates jobs.

Worse, all these attempts to heal the economy through “Quantitative Easing” is actually making this worse:

MInTheGap

Standing in the Gap in a Society that's Warring with God.