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COVID-19: THE GREAT RESET BY: Klaus Schwab and Thierry Malleret 1.2.3.1 Deflation or Inflation

 First, let's establish the difference between the two. 


Deflation is the reduction of the general level of prices in an economy. This isn't as good as it might seem. When prices for goods fall, people will hang on to their money in Hope's for a better price tomorrow. This can cause an economy to sink.

Inflation is the act of currency losing buying power. This means the pop you buy today at $.50 could cost $1.50 overnight. 


If I didn't know better I might be inclined to dismiss this as a coincidence. Nah! The events are exactly parallel to the book and what we are seeing play out. I will admit the situation with Reddit a couple of weeks ago could have happened spontaneously. Actually, I am sure it was. But didn't it make things interesting? As in we saw major hedge fund managers get a serious squeezing. For once the little guy won out. Then on cue, DC came to Wall Street's rescue. Nearly destroyed the Robin Hood app.


Bibliography

Schwab, K., & Malleret, T. (2020). COVID-19: The Great Reset. Forum Publishing.



https://youtu.be/7xEs5UXslj8

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