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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (398009)12/2/2009 8:58:24 PM
From: LLCF  Read Replies (5) of 436258
 
Agreed... I just remember that he spoke of debt destruction being and important part of the process towards long term currency destruction (which we have been seeing, along with that wicked dollar rally, which he also predicted)... just wondering where he thinks we stand at this point.

Fed isn't buying buildings yet, but did (defacto) buy corporate securities... hmmmmmmmmmmmm

Clearly currency destruction will continue... BUT... IMHO we have yet to see the full collapse of the "service economy"... which is based on paper shuffling and trading debt for 'stuff' from China.

What say yoooos guyssss?

DAK
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