2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 398.26

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To: TobagoJack who wrote (20979)	8/10/2007 8:55:50 AM
From: Ilaine	Read Replies (1) of 218916

Thanks for the good wishes. As I have mentioned recently, I am quite busy lately with bankruptcies, which is good for my own bottom line. Are we looking at 1929 redux? Since China is trying to have it all three ways on the Mundell-Fleming trilemma by deliberately crashing the dollar, yes, of course. Mundell-Fleming is inexorable. You can have any two of the following three, but not three: 1. Fixed rate of exchange. 2. Free flow of capital. 3. Central bank control of public policy through monetary policy. Which leg of the trilemma is going to break for China? #1, is my guess. That's the weakest one anyway, which is why we never use it ourselves. Which is going to set up nonlinear interest rate dynamics and macroeconomic instablity that nobody can control, or even predict. But I'm too busy to really keep a close eye on it. Just a little extra time before court this morning.

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