Guys I think this might actually be it for China. Their economy is in a deflationary death spiral with no way out other than total collapse. More than a billion people have lost their entire life savings due to the housing crash, hundreds of trillions of dollars gone overnight, with no hopes of recovery. It's completely and utterly over for their economy. We're talking a crisis a hundred times worse than the 2008 recession. Civil war and mass famine will follow soon, as it always does when shit hits the fan in China.
>>213532799 (OP)
Deflation is good, it means your money has value and it also means your wages are going up relative to assets so you can buy more with your wages.
Dumb people are the ones who love inflation instead.
Deflation is good, it means your money has value and it also means your wages are going up relative to assets so you can buy more with your wages.
Dumb people are the ones who love inflation instead.
