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

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: pogohere who wrote (34482)	5/6/2008 12:55:54 AM
From: RJA_	Read Replies (1) of 217792

>>And TJ doesn't tolerate dissent from it I am not sure its a question of tolerating dissent... We are all trying to determine what is reality here as much as possible and act hopefully profitably on that determination. History is a good model as I do not believe human nature can evolve very much in a few hundred years. Fiat Money Inflation in France describes one such episode. Memoirs of Extraordinary Popular Delusions — Volume 1 by Charles Mackay describes John Laws experiment in France -- another such episode. The Economics of Inflation describes a third such episode, in post WW1 Germany. All have in common excessive printing of fiat currencies. All worked out rather badly for most participants... although I am sure some in each case took appropriate precautions and emerged, if not unscathed, at least somewhat whole. This sounds allot like where we are going if we are not there yet: "The national debt amounted to 3000 millions of livres, the revenue to 145 millions, and the expenditure to 142 millions per annum; leaving only three millions to pay the interest upon 3000 millions." So these historical events provide a window to appropriate behavior in response. Therefor they are valuable. That inflation was aided by counterfeiting (if that was so) does not alter the value of the work in describing appropriate behavior. That the work may have had a political motive (anti paper money) does not alter its value. If the work is inaccurate, I would like to know more... but all three events described above have many similarities... and appear useful in describing our current situation and appropriate responses.

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