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Alasdair Macleod returns and Peter Ball visits for the first time. Deflationist Mish Shedlock recently reiterated reasons why he expects falling prices during what is emerging as the most serious economic decline since the 1930s. Deflationary forces in a depression are well established but the case for rising price levels hinges on dollar vulnerability. Now the Fed needs to fund massive U.S. deficits from money created out of thin air. But unlike the 1930s, the U.S. gold-backing of dollars is a tiny fraction of the 1930's backing. Alasdair believes the dollar's days are numbered not only as
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