The deflating money supply dwarfs FED efforts to reinflate and this is just the beginning. Nation of savers will come true according to Prechter.

I think it’s impossible to tell. Only 3-4 completed waves happened in U.S. history and I doubt we can track that in Europe for more than 3-4 cycles as well.

Statistics is mute here, the event must repeat many times to make any conclusion. I think the true length of K-wave is simply unknown yet.

>>> I learned to my amazement that Bernanke is considered the greatest living authority on the Great Depression – so that is why they named him! It seems a lot of people may have been perfectly aware of what was coming.

Exactly!

But they never (almost never) mentioned that in public.

And holy cow! It all fits, as Nief says. The crash of October 2008 is the exact equivalent of the crash of October 1929, and we appear to be headed for the exact equivalent of the Great Depression: 6 to 10 years of deflation. Your article is great because it shows how Greenspan and Bernanke managed to stave off the onset of winter – but it came anyway. Bernanke is still hoping to save the economy with massive injections of money, which might work, but at the price of galoping inflation. I learned to my amazement that Bernanke is considered the greatest living authority on the Great Depression – so that is why they named him! It seems a lot of people may have been perfectly aware of what was coming.