Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: dalroi who wrote (61892)	10/23/2008 5:25:54 PM
From: LLCF	Read Replies (2) of 78409

If you mean destroyed credit I assume you mean when someone justs walks on their loan and it becomes worthless. So in that case the assets of the holder (bank) writes it off, but the borrower is out from under it. The depression part is assuming that's the end of the story. The bank has to scramble for cash and won't loan any more.. in fact has no money to loan... in fact has "lost" the depositors money. So you put the cash you have left in a basket and dance around in circles with Uncle Harry and put it back in the vallt and hopes they multiply. :)) Then you make a nice speech to the depositors about how their money is over in the Jones' house and we're all family here and chill out. What really happens now adays is the population starts getting restless (Greenspan DIDNT repeal the business cycle like they thought and now we have the mother of all defaults going on) and no one gives a rats ass about the Joneses but want their money. So the government starts handing it out by buying the assets from the banks. To me the issue is timing... who knows how long the deflationary part will last... as long as people scramble for cash I suppose... and manybe that has just started?? I suppose if you want to be REALLY careful you could wait till the fed simply starts mailing checks to people or buying skyscrapers in down town areas. FWIW, I just been bibbling...down every dollar say as some of these stocks (NG, SLW, GG) are down a dollar or two a day... so in a few more days they'll be zero and I'll buy a million shares of each at 10c and be done with it. Then if I"m wrong... OOOPPPPPPS! I'm always ready to be wrong... it only makes sense. DAK

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