Knuckleheads who insist on pounding the Deflation Tables might want to check this indicator, and look at the crude oil price. It is $63 per barrel, not the $20-25 predicted by these lost troopers. Yo Mish Bro, can you spare me a deflating dime? The strict definition of money is useless anymore. The Shadow Banking system is an actual part of the real world, which you do NOT count.

BTW....you can add Robert Prechtor (Elliot Wave Theory) to that list. Smart guy...but incorrect. Jim Sinclair has his sh!t together. Don't listen to the others