I think it was Voltaire who noted that paper money always returns to its intrinsic value. Money created out of thin air, as every dollar, euro, yen, franc and mark in the world are now created, must eventually return to the value of thin air. This graph shows the Consumer Price Index since 1800. Any technical analyst will tell you that when graphps approach the vertical, as this one is doing, they tend to reverse in a symetrical pattern.
Unrecognized Evidence of Deflation
Unrecognized Evidence of Deflation
Unrecognized Evidence of Deflation
I think it was Voltaire who noted that paper money always returns to its intrinsic value. Money created out of thin air, as every dollar, euro, yen, franc and mark in the world are now created, must eventually return to the value of thin air. This graph shows the Consumer Price Index since 1800. Any technical analyst will tell you that when graphps approach the vertical, as this one is doing, they tend to reverse in a symetrical pattern.