The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TobagoJack who wrote (48401)	12/29/2005 10:06:17 PM
From: UncleBigs	Read Replies (2) of 110194

Well said TJ. As for a monetary reset, I'm not sure. I have physical gold and silver as an insurance policy. A monetary reset seems to imply a hyperinflationary destruction of a currency. I don't see that in the cards until after the coming deflationary debt repudiation. It may not happen in the next 50 years. The way I see it is that the US consumer is the driver of the entire global economy and the heart of US consumer spending is the housing bubble. Take away the US housing bubble and Americans will be forced to live within their means. That means a global recession/depression. Greenspan's lowering of interest rates to 1% and triggering the housing bubble will go down as one of the greatest central banking blunders in history.

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