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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: Cogito Ergo Sum who wrote (63944)	5/30/2010 1:27:52 PM
From: benwood	2 Recommendations Read Replies (1) of 217840

You apparently don't understand what I'm saying; and I'm presuming what he thinks, too, based on how it would affect him. To elaborate, a reset will screw over people of my generation and my parents' generation, too. A reset will affect him far less because he has virtually no assets to be eroded in value due to deflating bubbles or to fiat currency experiments failing, to be confiscated, to be legislated away, to be heavily taxed just for being there. The process leading to the reset of course affects him (purging of good jobs), but that's already happened. In reverse, a reset will lower our cost structure in the US and will help jobs return. They won't be like the bubble jobs, but they will be a return to the mean and a means to support oneself. People in their 40s on up will be most affected because our years of savings and our expectations and plans for our later years will be highly compressed. And of course, we deserve it, for all our efforts to foist economic ruin on future generations in order to sate our iPad cravings of today.

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