YouTube VIDEO - CNBC, Squawk Box - 02/08/2010 - clique aqui .
'Recessão favorece trabalhador, mas reduz coleta de impostos e lucros bancários', Jim Rickards, Omnis Fund.
Interviewed on CNBC: If you have deflation so that the price level goes down, you just got an increase in your real standard of living. If everything you buy is less expensive, your standard of living just went up, it's exactly the same thing as getting a raise. But it's even better because the government can't tax it. The government has not figured out how to tax an increase in the standard of living, due to deflation." And so when the Fed fights deflation they're not doing the citizens a favor, they are doing a favor to the banks and to Treasury". "Who says that you can print all of this money and you're just going to get mild inflation? Who says you are not going to get hyperinflation?...Well, this is a dynamically unstable process and the example I would give would be Weimar Germany in the early 20's."