Charles Nenner: Scary Deflation on Horizon, Gold Update and Nuclear War

Greg Hunter, Published on Oct 7, 2014
Economist Charles Nenner is not bullish on the global economy. Nenner says, “We should have a nice quarter until the end of the year, and next year, we should start weakening again. We had a normal business up move. The problem is the GDP never got up much above 3%. So, now we are going down from 3%, and that is kind of scary because I still see a lot of deflation on the horizon. That is something that is going to be very difficult to fix.” Deflation is debt destruction, and Nenner goes on to say, “It’s the destruction of almost everything. The problem is we owe so much money, and you can only get out of debt by inflating. Deflation will only make it worse. So, I have no clue how we are going to get out of trouble.” Nenner goes on to say, “You are going to get into a downward spiral, which is very hard to get out of.”

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