DELFLATION... MY ASS! http://research.stlouisfed.org/fred2/series/MZM?&cid=30 http://www.nowandfutures.com/key_stats.html "Money Pump, Baby"... SEND US ALL DOWN THE TOILET MONEY PUMP!
Meaning, "1st nation to default"? If so, then HOGWASH... HUNDREDS of nations have defaulted... some several/many times over [Brazil, for example]... Perhaps the "1st Reserve Currency Nation" to default. That would be like the first country to have its President caught on camera in a gay bath house...
"The Fed's mandate is price stability" that's got to be one of the boldest lies in history. Welcome to the Orwellian world of central banking. Now if I could just learn to love Big Brother...
Not to mention the media/government have been banning words from people's vocabulary- telling them what they are and aren't allowed to say, in a supposedly free country...thoughtcrime and doublespeak I tell you.