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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (9353)	3/4/2004 11:13:52 PM
From: NOW	Respond to of 110194

"Banks, would not like it. They would be paid off in worthless $" Who makes the decision, the bank or the bankers. If the latter, and they can assure themselves that it is in their st interst to maximize their flight to wealth, they will do it.

To: mishedlo who wrote (9353)	3/4/2004 11:28:25 PM
From: Umunhum	Respond to of 110194

<All that does is create more debt to be wiped out. It simply can not go away with falling wages and lost jobs. It just can't.> Eventually the Fed is going to have to choose between hyperinflation by monetizing the debt (which Bernanke has already said he would do) or sacrificing the consumer by allowing deflation. The consumer or the dollar, which would you choose? Dollars don't vote. For the time being though, Japan is doing the heavy lifting. Can we make it to November with the current status quo? I don't have the answers because I see no way out of this mess without horrible financial ramifications. Right now China is getting their factories built so there is no way that they want the party to end. We are getting a free lunch. I don't know what Japan is getting out of this. Japan has the most to lose. As long as commodities are priced in dollars we should be ok. Unless of course we run out of a few of them.