The problem of deflation is much more difficult to handle than turning on the printing presses, as historically that either causes hyperinflation or does not work at all. There are some excellent reviews of deflation economics on the internet that were authored or given as speeches by Bernanke, an academic expert on the subject. As the Japanese found out, deflation is a self-reinforcing cycle that is very difficult to break.

But, the good news about deflation is that gold stocks roar -- the two largest US gold miners at the time, Homestake and Dome, went up around 500% from 1929 to 1933 while the market dropped drastically.

And welcome aboard.