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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: carranza2 who wrote (70911)2/8/2011 1:22:17 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 217738
 
Printing money seems to be like obesity. The battle of the bulge is an interesting one. Greed is the root of all evil.

Obesity is now called a global problem. Dilution of money is also a global problem.

Why don't fat people and money managers simply decide to help themselves to just the right amount of food and money. "Just a bit more of that would be nice ... it's not much."

See how TJ is so happy with scoffing more foie gras. Eating is a psychological reward rather than nice tasting and nutritious essential fuel.

Obesity is now an epidemic of gluttony, leading to high blood pressure, stroke, diabetes, heart failure, other sickness and death. Monetary obesity seems to be more of the same. Just as greedy people don't vote to be thin, they won't vote to cut off the money supply.

Virtuous Victorian Values include self-control.

<Here's a prognostication for you: Gold at $2500 in 3 years.>

That's a very round number, to the nearest $500 by the look of it. You aren't going for Mq's 4 significant figures?

It might be that the great credit bubble will be resolved like the communist eastern Europe and Ireland and Iceland all fairly smoothly adapted to the new way of life - resigned acceptance because the truth was acknowledged. The USA is 4 years into the process. There is no rioting in the streets. It seems to be more of resigned acceptance of reality, bleak though it might seem for individuals. But the going hasn't yet got tough, overall.

Mqurice
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