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Strategies & Market Trends : Waiting for the big Kahuna
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To: Rarebird who wrote (81710)10/10/2008 8:58:42 AM
From: Real Man  Read Replies (2) of 94695
 
Right. Deflation will happen in the rest of the World as
they ship our worthless currency backing worthless liabilities
and worthless treasuries back home. They've got enough?

We are beyond deflation, we destroyed our productive capacity,
while living beyond our means and exporting our currency
for ... 40 years?

"Against this backdrop the crucial question is: where is the borderline between a "good" and "bad" rise in debt-to-GDP ratios? To Austrian economists the ratios spell danger. They maintain that today's government-controlled paper-money systems have decoupled credit expansion from the economies' productive capacities: "circulation credit" feeds a "credit boom" that is doomed to end in severe economic, social and political crisis. Austrians fear that the collapse of the credit boom will lead to the destruction of the currency through a deliberate policy of (hyper-)inflation, destroying the free-market order."
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