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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Sweet Ol who wrote (147955)	3/22/2011 6:18:25 PM
From: Bearcatbob	1 Recommendation Read Replies (1) of 206166

John, I do not think inflation is a quality way out of our problem. I see it as a default approach to the issue - an approach that IMO will fail. In my working days I often thought of the saying "not to decide is to decide". Not making the necessary decisions is a decision to let something bad happen. The "leader" simply counts on the masses being too stupid prior to the next election to understand what the actual decision is. Think of it in terms of the fed's dual mandate. How in the world will the dual mandate work once inflation starts? Personally I see the problem being manifest in the form of rising interest rates. Once interest rates start to rise IMO it is game over in that the cost of servicing the debt will soar and the economic activity necessary to service the debt will crash. I do not see a good ending to this absent a "leader" who is able to convince the country to take some very tough medicine. Perhaps we as a nation are "waiting for Superman" in more ways than education. How do we protect ourselves? I think only gold comes out good in the scenario I envision. Bob

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