In a sign of deflation Citigroup is closing without warning random consumer credit card lines. It has suffered consumer credit losses to the tune of $ 8 Billion in the third quarter of 2009 alone, that is deflation by any definition. And acting responsibly, trying to stay afloat, Citibank is cutting its losses or potential losses. This is what deflation looks like. Creditors are unwilling to lend while customers are unwilling to borrow and no infusions of liquidity by the privately owned Federal Reserve Corporation will change this.