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Strategies & Market Trends : The coming US dollar crisis
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To: the navigator who wrote (22616)9/8/2009 1:45:32 PM
From: Nevada99997 Recommendations  Read Replies (1) of 71452
 
I like Puplava, but this inflation/deflation debate is awfully misguided. What we are about to experience, IMO, is a reversion to reality and it will involve a conflicting, but consistently painful combination of inflation and deflation. The US economy has degraded to a business of churning excess fiat money to create income. Manufacturing, Mining, Farming, Industry or god forbid, exporting are scoffed at. We have gone from a productive economy to a service economy to a disservice economy. It is looking like this has about run its course. They are just about out of magic koolaid. The reversion of the US economy back to one that produces viable goods at competitive prices is sure to be painful, but it is inevitable.

Here is a snapshot of the US economy recently:
Parabolic increases in budget deficits and the fed balance sheet
Massive buildup of derivative notional value
Average people trading penny stocks and leveraged ETF’s
Flipping condos and homes
Consumption, consumption, consumption
A multitude of financial channels
Paycheck advance services instead of savings accounts
Capping commodities prices
Bulldozing homes so people must buy new ones
Destroying vehicles so people must buy new ones
High frequency trading to scalp fractions of pennies

How sustainable is all of this?
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