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


To: shades who wrote (50858)1/22/2006 11:51:20 PM
From: kris b  Read Replies (2) | Respond to of 110194
 
Kris I really do try to keep an open mind .

I am loudly thinking what happens when people refuse (For whatever reason, usually inflation. I haven't heard about collapse of the paper money in deflation/depression scenario) to accept paper money. In Germany, 1923, they printed new Reichmarks against the Reich's lands. You have to have something tangible (doesn't have to be gold) backing the paper.
Why do you assume status quo in credit/money circulation. Maybe we will not have any credit after the bust but CASH only. New or old cash, doesn't matter. Is this possible?


"all the bankers, economists, politicos, wall street"

They also owned the world in 1929 also. Why couldn't they stop the depression that wiped them out too. I tell you why, because you can play Russian roulette/speculate wildly only for so long, then you get that single bullet in your head. This is where we are heading IMO.

"I posted a link about Zimbabwe 2100% inflation"

Bad example. Zimbabwe is a fascist dictatorship. You don't like Mugabe, you get shot. What would you prefer 2100% inflation rate or bullet in the head? Are you suggesting that this might happen in the States too? Dictatorship, 2100% inflation, bullet in the head, etc.