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Looking into the future, you ask:
But will the trillions MORE that Washington throws at this crisis bring inflation back? Or will this deflation continue to be so massive that no amount of Fed funny money stands a chance of preventing it?
It’s a crucial question for you, me, plus every investor, wage earner and consumer in the nation.
At 2 P.M. EST Wednesday, we’re holding an online conference regarding the new, virulent wave of deflation that’s sweeping the nation at this very moment.
The urgency is unprecedented.
Indeed, just last week, in a startling release that sent chills up the spines of economists worldwide, the Federal Reserve reported that, in the third quarter alone, American households have suffered …
$647 billion in real estate losses
$922 billion in stock market losses
$523 billion mutual funds losses
$128 billion private business losses, plus
$653 billion losses in life insurance and pension fund reserves!
That’s a $2.8 TRILLION wealth loss overall — four times more than the Treasury’s entire $700-billion bailout program.
Worse, over the past year, the loss is $7.1 trillion, or TEN times more than the bailout program.
Finding these numbers too large to believe? Then just add up the figures in the red rectangle below, taken straight out of the Fed’s release. FULL STORY.
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