Max Keiser: war and gulf oil disaster are deflationary events, offset inflation

[Bigjon]

goldman sachs needs war and gulf oil fiasco to deflate the massive money printing and keep their big bonuses valuable.

http://www.youtube.com/watch?v=jL6PIvsO5R4

[Neuro]

I can't see the video, but I doubt that turning off offshore oil taps will be deflationary, less oil=more expensive oil=more expensive food=inflationary

[Bigjon]

I can't see the video, but I doubt that turning off offshore oil taps will be deflationary, less oil=more expensive oil=more expensive food=inflationary


Prices going up are not always inflation.

The best example is you have a bomb that cost 500 million dollars and when you blow it up you have spent that 500 million... it's gone, dissappeared poof.

This gulf disaster will cause oil prices to rise, more money for oil compnies and less money for consumers. Deflation is any economic sink hole, where productivity goes down and productivity is going way way down for the gulf.