>>>A very interesting evaluation of economic situation. Long on economic jargon but it rings true.
>>>
>>>http://www.economonitor.com/danalperts2cents/2012/07/24/another-summer-of-discontent-the-four-factors-that-explain-why-what-were-doing-isnt-working/
>>
>>Especially the part of the overevaluated $,
>>with similar thoughts to the currencies of western europe,
>>including the non-€ countries, especially the London circle of debt.
>>
>>Too much floating around - not even paper which could be burned.
>>And very interesting ideas why inflation has not hit like a ton of pressed paper -
>>will have to mull that quite a bit. Investing in currently low wages area,
>>which is one of the possible remedies has its own risk.
>
>The whole economy and all these articles are just rearrangements of deck chairs, and the ship isn't the Titanic, it's made of paper. Just like the global warming climate change is not science but consensus, so is the economic theory. The dollar should have spiraled into a 500% inflation years ago, given that it's not even paper money anymore, it's some imaginary value written in banks' databases, but it didn't. The bank bailouts, the wars, the police/TSA/etc apparatus are funded by that imaginary money, created by the Fed (the fed :) with interest already included... so the banks receive the money they invented and borrowed to the gov't. It goes into trillions (european: billions), but yet the expected inflation doesn't happen. Why? Because the banks rule the world. Each country that has an independent central bank is in that game. Note that "independent" in this case means "doesn't give a damn what the gov't says" but not actually independent - they must follow the dictate of IMF et al.
>
>Remove the power of creating money out of thin air (and also of taking it away from the market) from the banks, and take away all the assets they acquired by manipulating everything to their advantage, and we may have a clean slate upon which a real economy can be built. Until that is done, we'll have engineered crises, bubbles blown and blown up, waves of loans to increase the spending, followed by waves of austerity measures, all followed by wise articles full of insights into the nuances of the current situation - nuances of gray. The gray being the color of the elephant in the room, the power of banks over everything.
>
>There's one valid point in the article, though, about lots of big money eager to be invested. That money is a force to be aware of - it can ruin so many things (just like it caused the dot com blow and blow up), regardless of it being imaginary money. As long as sufficient number of people believe in it, that money can buy a lot. Politicians, laws, bread, oil, lives...

Still, with us being nearer the end of working than start, the question is how to manage at least the amount exchanged for own work and earmarked for retirement. My work was already devalued heavily er, taxed, and the government[s] gamble, borrow and print away buying power. As I do not get a couple of K€ retirement after only a few years "service" as elected politicians do here, I need this accumulated work force already spent/exchanged, especially as I never entered gov retirement schemes, even if they are part Ponzi. And the part forced into insurance through tax benefits is already being sapped/devalued by forcing insurance companies to buy even heavier into "safe" gov bonds via legislation of post-2008. So guessing correctly if inflation or deflation is coming might be more relevant to me ;-)