In this episode special guest Jim Mosquera explains how the financial crisis has barely even begun and that massive deflation lies ahead. By explaining how money and credit work Jim outlines what caused the financial crisis and why policy makers are powerless to prevent even greater collapses in asset values. When looking for a bottom in stocks start thinking about returning to 1982.
You can check out Jim’s book on the financial crisis and how to survive it here:
http://www.EscapingOz.comIf you would like to learn more about deflation, listen to the in-depth Deflation 101 podcast.
http://bit.ly/deflation101
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