If I am, all that happens (same with all the other 'extremists'), is hearing laughs, being out monies for emergency prep assets (which can be donated to charity if not needed), and wasting a lot of time.
As will we all.
If the issmes of the world are wrong, they are not just 'toast', but 'burnt toast'!
Nice use of a "yardenism".
I have long predicted that the tripwire toward market meltdown/runs on US banks, will be Japanese runs on their banks (their interest rates are so low, they have little incentive to keep monies in banks/bonds) and/or offloading US paper-they hold enough to alone devastate our economy by such negative fiscal behavior.
Hasn't stopped them for the past 5 years from putting their savings in the bank instead of the Nikkei. Interest rates for Yen have been sub 1% for years now. But capital flight from Japan will have to find a safe haven somewhere and those Japanese that can, may turn to the US bond markets for safety.
Also, if the stock market bubble is pricked, money goes into bonds, interest rates go lower, US debt is paid off and replaced by debt paying lower rates, and this will, in effect, neutralize the impact of any selling of US treasuries by foreigners. This would thrust the economy into recession and possibly into a deflationary spiral in luxury and non-essential goods.
And actually, I would be paying more attention to Europe than Japan. Europe is heading into recession and they have some major political quandaries they are trying to deal with, primary of those is the Kosovo crisis.
Regards,
Ron
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