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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (13611)10/18/2004 5:54:43 PM
From: russwinter  Read Replies (2) | Respond to of 116555
 
<US dollar depreciation which will be mild and controlled because of the lack of LIQUID alternatives.>

In otherwords people will just carry around a sack of shit on a hot summer's day, because there's no proper garbage cans, or places to trade SOS's in? Fortunately, since I'm not quite in the 1% wealthiest people in America, but maybe only in the top 5%, I don't need much "liquidity". So I'll just drop mine off while it's still 79 degrees and controllably stinky, and pick up something else as a store as money, while there's still gold (I mean good) options. Even something as basic as food ought to outperform USD, so I'll take those bushels of marked down two buck corn to slug on my back as one good example. Bottom line: the US will never see the light day to borrow a $1.2 trillion twin deficit from money printing Asian CBs and foreigners (their currency will Carck Up Boom too if they do it) in the next twelve months, we're at the end Game.