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Post by Swampy on Mar 7, 2013 1:11:09 GMT -5
I don't know, but, SJ, this must be your dream article. |
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Post by Sir John on Mar 7, 2013 23:51:02 GMT -5
Swampy,
As I have been saying for many months, years even, the ONLY, repeat ONLY, way to get rid of this enormous debt load around the world is to inflate it away. Yes, they can outright default, but that will guarantee an overnight collapse of the entire monetary system.
The central banks will TALK about "stimulus" and so on but the REAL reason is that they want an excuse to flood the world with paper currency, which is exactly what all those digital billion/trillions will eventually become.
They will buy the Bonds that keep the pollies spending, and will in due course generate what I have been on about for yeas - HYPERINFLATION.
You have been warned!
SJ
PS,
This essay is from Euro-Pacific Capital, its CEO is Peter Schiff. I read every word he puts out in his daily emails.
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Post by boxcar on Mar 8, 2013 19:19:43 GMT -5
I’m beginning to rethink the whole issue. Bernanke could be right. With Obama’s super spending the only way out may be super inflation to pay the debts with soft dollars. And from that article, it seems the rest of the world has come to the same conclusion.
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Post by Sir John on Mar 8, 2013 19:43:51 GMT -5
They have!
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Post by boxcar on Mar 8, 2013 19:54:21 GMT -5
Inflation is a much nicer word than default, and it saves reputations.
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Post by Sir John on Mar 8, 2013 20:07:26 GMT -5
Deliberately generated inflation is one thing - THEFT.
The world's Bond holders will be paid back with money that will struggle to buy a loaf of bread. The workers will be forced to spend their wages the day they are paid, as the longer they hold it in their pocket, the less it will buy. Those in debt will think it is Christmas, as they pay back their debt with worthless fiat money.
The ONLY insurance policy a person has is to buy and own HARD assets. For Americans that means first of all their own home, then both American Silver Eagles, and American Gold Eagles. They will track, and certainly surpass any inflation we are going to see.
In Germany 1923, an ounce of Gold was worth over 100 TRILLION Marks.
JMO
SJ
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Post by boxcar on Mar 10, 2013 0:39:15 GMT -5
Yes it looks like we could be in for another housing boom.
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Post by Sir John on Mar 10, 2013 0:41:21 GMT -5
....with more borrowed money!
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Post by boxcar on Mar 10, 2013 1:02:08 GMT -5
With inflation
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