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

To: UncleBigs who wrote (57485)	4/4/2006 9:48:45 PM
From: sciAticA errAticA	Respond to of 110194

... why search for precedent where none exists - and none is needed? ---------- Throw Out the Textbook "... In a textbook deflation, "cash" supposedly is king. This implies that, to survive deflation, you must stay mainly in cash or near-cash until a bottom is reached. But this is not a textbook deflation; rather, it is like no other deflation that has occurred before in human history, since it will be the first to emerge atop a global currency system that has been hollowed to the core. I will not elaborate here on why money is no longer money, but rather a form of debt. But suffice it to say, the implications of a fundamentally valueless global currency system could only be hugely bullish for gold..." RICK ACKERMAN kitco.com