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Strategies & Market Trends : The coming US dollar crisis

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To: DebtBomb who wrote (22972)9/24/2009 3:11:20 AM
From: Skeeter Bug  Read Replies (2) of 71477
 
from the article...

>>These figures are accurate. They are also horrendous. But they are not inherently inflationary. Inflation is a monetary phenomenon.<<

i completely disagree here. this is inherently inflationary b/c the *only* way the government can pay off this level of debt is to inflate - and the government's monetary policy is what creates monetary phenomenon!

daniel amerman covers it quite well in his video...

youtube.com

they could crash the economy, but that would collapse it and nobody gets paid and government collapses, too.

i think we get soem deflation like last year for a time and then it is off to the races as the feds policy will be to stoke inflation (which transfers wealth from the citizens to the government in several powerful ways) and devalue the dollar.
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