Mike Maloney: first - deflation, then - inflation, video

Best-selling author and money historian Mike Maloney has been speaking about the "deflation first, inflation after" scenario since 2005. 

His informative presentation is a glance at the issue from one more perspective.

"Looking throughout all of history, I can't find a single example where the masses, the population gets rewarded for mass stupidity. It's usually the banks that end up winning, the big boys, and the average guy suffers - at the expense of the banks."