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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (86495)9/18/2007 10:05:47 PM
From: John Vosilla   of 110194
 
'I will repeat once again. This mania will end not with the public withdrawing money from the banks, because they fear for the safety of their deposits, it will end when they withdraw money, because of fear of rapid loss of purchasing power of those deposits.'

I don't know about a mania. That isn't even a problem for most Americans who have zero savings anyway. Perhaps when this new reinflation cycle ends and no one with real wealth in this country wants any dollars then that will be true. Any guess when this new cycle we've been in for only four years ends? 2015? 2025?
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