machinist.

Soon there will be war. Millions will burn. Millions will perish in sickness and misery. Why does one death matter against so many? Because there is good and there is evil, and evil must be punished. Even in the face of Armageddon I shall not compromise in this. But there are so many deserving of retribution...and there is so little time.

I am no one, and this all means nothing.
Mar 28
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this is my life philosophy

Stagflation should also worry you. This is when you have inflation and either a recession (a decline in economic growth) or slow economic growth. In this situation, your prices continue to increase, but your money buys less. These are extremely difficult to fix. Basically everything that fixes inflation, makes the recession worse. The stuff that’s supposed to fix recession makes the inflation worse. If you’re in this situation, going rogue is suggested. At least then you can pick what currency you’re paid in.

Principle Four - Depressions: Depression is a less news-friendly word for recession. There isn’t a formal definition. The only thing anyone can agree on about depressions is that they are severe recessions and the definition of severe varies widely. The only thing anyone agrees on is that the Gross Domestic Product (Basic formula: consumption + investments + government spending + exports - imports) decreases at least ten percent during a depression.

Basic Recipe for Depression:

  1. Get everyone to stop spending their money and withdraw their money from the banks and stock markets.
  2. Take money and stuff under the mattress (preferably where I can find it)
  3. Cut the government’s budget
  4. Import more than you export

Keep in mind that any combination of the above steps can cause Depression.