SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (100597)8/10/2009 2:11:51 PM
From: Amark$p1 Recommendation  Read Replies (3) of 116555
 
Mish:

RE: "Consumers will either default on debt, pay their debt down very slowly over time, or some combination of both."

Can you please explain why US cannot simply declare a bank holiday, devalue the US$ by 50% overnight, and thus inflate itself out of debt, and likely increase Money Velocity as everyone starts purchasing assets with declining US$.

This seems to be a third option you are overlooking, US inflates itself out of debt. Maybe I am missing something, but my recollection is that you have never addressed the impact of bank holiday coupled with US$ devaluation. Please devote a post explaining the impact of such actions.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News