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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: freechina who wrote (1503)	10/24/2005 5:07:39 AM
From: TobagoJack	Respond to of 217710

heLLO Frank, <<Therefore Deflation, if you define it as the buying power of the dollar increasing ...>> ... Yes, I do. <<... can only happen as a lasting outcome with the total destruction of the banking system>> ... oh YES, YES, continue ... <<The US would never allow this situation to happen ...>> ... it will not be "allow" vs "not allow", and "never" is an exceedingly dangerous concept ;0) <<... but the buying power of the dollar is an acceptable causality>> ... oh, that will get us to TeoTwawKi just as awfully. <<the only way with paper money you can have deflation is if you can A.) A mass exodus from the banking system, this is really not possible any more [Edit: :0) ] B.) A competing currency is available, all other currencies are based upon the US dollar and gold is no longer a currency that can be used [Edit: all good ideas come to a natural end, can take that to the bank :0) ] C.) Loss off Faith in the banking system, possible, but you have to at least have A or B in order to derail the amount of money created through fractional reserve banking and fend off inflation by removing money from the banking system. [Edit: take this to the bank as well :0) ] D.) Hyperinflation can happen regardless of anything else. The government just prints its way out of debt. This happens every few years somewhere on the globe. There is NO DEBT LEVEL TOO HIGH THAT A COUNTRY WITH DEBT DEFINED IN TERMS OF ITS OWN CURRENCY CANNOT HYPER INFLATE OUT OF. Hyper inflation causes problems, but not nearly as many as the collapse of the banking system, at least from a political point of view. [Edit: I am guessing that you have not studied knowledgerush.com . Pity. But there is still time.] <<China and Japan? ... All countries will be affected, and their currencies shall fail, meaning their political system is destroyed as well, or they will hyper inflate, with almost as many political dire consequences>> [Edit: absolutely, yes, you got it, but only if you can surmount the difficulty of coming to terms with your items (A) through (C)] ... once you have come to terms with what must invariably be, as far as the (contradiction again) likely inevitable will be, we can continue on about what happens after the great deluge, and what would be beyond the edge of the known universe. Oh, by the way, did I forget to mention, history did not end? Chugs, J

To: freechina who wrote (1503)	10/24/2005 5:35:12 AM
From: TobagoJack	Read Replies (3) \| Respond to of 217710

Hello frank, Regarding this on-line down-loadable book knowledgerush.com which is best read while situated within the domain of the country under discussion achamchen.com , I note: (a) the government in question was no doubt an accountable parliamentary system (b) the currency was backed by the full faith and credit of same officialdom, and by its ability to tax and confiscate, and by real estate in the choicest locations, in other words, the fiat moolah was even better than gold in many ways, and certainly better than our various moolah flavors (c) the debt was denominated in the currency of said faith and credit and etc (d) the schema was to inflate the currency or let die the monetary system and its then consequent deflation/depression, ... and by golly, the result was a known known by history's teachings, the monetary system died, and left in its wake first stagflation, then depressive deflation, for a whole lot of years, arguably 100 years So far, should you study the book, you will have to note that all the signs decribed in the book are showing up, including the bit about guns and such. Yes, I reckon excitement is straight ahead. However, whereas the book paints a bleak picture of the known knowns, it also hints at the opt-out. See if you can figure what the opt-out was :0) Chugs, J