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Non-Tech : Raptor's Den

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To: Win-Lose-Draw who wrote (6547)	12/18/2002 5:53:21 AM
From: macavity	of 10157

Yup! Debt is a state of mind! Load up! Here in Japan, there was an article on Bloomberg saying that with the interest you got on a 100M JPY loan (USDJPY~120) that you could get 2 regular cups of coffee at Starbucks every 3 mths! I actually drink the larger sizes, so I will be keeping my money somewhere else for now. The worst place for your money is in one of these stoopid banks. In deflation Gold rules as it 'holds' it purchasing value (c.f. 1930s). I do not use the word deflation - though I know exactly what you mean - depression is more correct (I believe) as it reflects a collapse/absence of demand and a lack of pricing power from providers of goods and services. The Feds are just getting ready to print money, but as Japan shows - print away! When there is no demand, prices fall - simple! -macavity

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