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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (96409)8/18/2008 6:16:42 PM
From: GST  Read Replies (1) of 110194
 
<Isn't the price of gold and oil already telling us that?> LOL -- ya, oil and gold have really been on a prolonged slide. Get real. No disrespect intended, but we are not just broke -- not just in debt up to our eyeballs -- we are racking up new debts at an unreal pace as we speak. Guess what -- we can't pay our debts. More specifically -- we cannot pay our debts to foreigners who loaned us trillions of dollars thinking we could always somehow service the debt. Well we cannot. That means we will default. Outright repudiation is the sort of thing that would simply crash the entire global system. The alternative is to repudiate via inflation -- again, no disrespect, but those who keep saying that demand will fall and so prices will also fall are way out of their depth in terms of economic analysis. The more the debt crisis snowballs, the more we are forced to repudiate our debts -- that is reality and there are no if ands or buts about it. As for oil and gold being in a downtrend -- very funny.
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