Inflation/Deflation Part 1 - 03/22/13

The Wake Up Call show

Summary: A grim assessment of the coming unraveling by Blaise Ingoglia. The meaning of inflation and deflation as applied to the current situation. The return to sub-prime lending in the automobile market, worse than last time. American Airlines in Chapter 11 wants to pay $20 million in severance pay to its ex-CEO! And he’s not even being severed… He’s becoming Chairman (not even CEO) of the U.S. Air merged company. More detailed information on why the world economy is in so much trouble following a clip from Cenk Uygur explaining how the derivatives explosion will bring down the entire financial system. More on Europe and Cyprus. Using the fortunes of the U.S. firm Caterpillar to assess the health of the economy.