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

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: TobagoJack who wrote (48452)	4/12/2009 2:38:11 AM
From: pogohere	Read Replies (2) of 217840

A fascinating analysis that suggests we are not in a fiat/fractional reserve regime, but rather in a "credit-money" regime: "The point made by endogenous money theorists is that we don’t live in a fiat-money system, but in a credit-money system which has had a relatively small and subservient fiat money system tacked onto it. We are therefore not in a “fractional reserve banking system”, but in a credit-money one, where the dynamics of money and debt are vastly different to those assumed by Bernanke and neoclassical economics in general.[10]" debtdeflation.com I suggest you read this article. It addresses my concerns that the increased velocity and the multiplier effect that would both accompany hyperinflation are currently missing in action. posted by killswitch at Message 25563637

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