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

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To: orkrious who wrote (89151)	11/25/2007 6:19:28 PM
From: Wyätt Gwyön	Read Replies (3) of 110194

Argentina was a different situation because they issued debt in a currency they could not print (USD). US, by contrast, was very smart to issue confetti in exchange for products of value from its mercantilist "partners". (note that Europe is now as much in hock to China as the US is.) also, it sounds like they (Argentina) had a lot higher level of corruption to begin with (before the end of 1:1) than we have in the US. i think US TEOTWAWKI will be due to peak oil, but it won't just be US which gets hit. i don't think US will undergo an Argentina-style isolated economic implosion. before that happens we will cause World War III -nfg-. US economic and military hegemony will not go down without a fight. most likely scenario in my book is proxy wars in the ME which explode into a world war. also interesting that he said cheap gold rings are better currency than gold coins, since nobody assays on the street corners (and carrying gold makes you stand out).

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