Mon, 5 July 2010
After a few years of consuming and digesting massive amounts of information pertaining to our current financial/energy crisis I find it rare that I consume a 'game-changer'. So it was exciting to have an MP3 forwarded to me that provided me with that game-changing moment.
Now, when I say game-changer, I'm not talking about What will happen, but rather How it will happen. The How is focused on the debate about whether deflation or inflation will win the day. Because to get from where we are, (a debt-saturated global economy) to there, (historically normal debt ratios), we have to go down either one of two paths; inflation or deflation. For the most part I really don't care, the outcome of both still means that I need to move up the learning curve on my gardening skills, start building a local community, and continue to keep educating myself on all matters that pertain to self-sufficiency.
Where inflation vs. deflation matters to me is how should I react with my investing strategy. This is why the debate has importance to me and probably you. In this interview Nicole Foss of Automatic Earth makes a compelling case for deflation, probably the best I've heard as of yet.
The title of this episode comes from the fact that Nicole is criss-crossing the globe in an effort to prepare those that are ready to hear her message that something life-altering is coming. Just as Paul Revere rode through Lexington to warn the patriots of sudden attack, Nicole is globe-trotting to warn the patriots of sudden collapse.
Direct download: Episode_54_-_Nicole_Foss_-_Modern_Day_Paul_Revere.mp3
Category:general -- posted at: 11:59pm EST