ah ... finally, an on topic post ! fantastic.
THEY must weaken monitoring, so as to hobble supervision, and lessen diligence, for they must inflate, but not overtly, because THEY are excellent wastrels.
my may day message:
jay's may day message: my basic fear are as follows, that be the sum total of all horrible fears - it seems to simple me:
- no single government can even try to fight off the root cause of inflation (credit creation) for long because each central bank acting on own to raise rate and restrict credit will not be able to affect global pricing levels, and should any do so, kaboom its asset market, social stability, etc etc
- no combination of govts can do much and certainly not in any sustainable fashion to dictate our path as long as the FED is on an apparent program to save the empire
- no paper currency can zoom to the sky against the dollar because too high is simply too high, and if continued, soon undesirable spending bubbles, asset bubbles, and bubbles on bubbles will be in places where the currency is rising
- no mass bankruptcies will pass the laugh test by the spendthrift wastrel usa electoral crowd
conclusion: i do not know. maybe inflation of all that we need, to be followed by deflation of all we have; typically a bad set of simultaneous equations with only one solution, namely, null point, necessitating a monetary reset to zero state, a state of affairs not unfamiliar to me.
chugs, j |
