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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (332)	4/14/2006 12:13:23 PM
From: Maurice Winn	Respond to of 621

Wow Clark, you know how to make a bloke feel queasy at 4.08 am during a spot of insomnia. If what you wrote didn't make sense to me I could write it off as an amusing horror movie and then go out into the daytime and everything is fine again. Unfortunately, that's how things are. It's a detail, but wouldn't the end come with inflation? A deflationary implosion seems unlikely as Helicopter Ben can dilute the currency and somebody will borrow. For example, Horie in Japan, now in gaol, did just that. But the authorities and old-school didn't like it, so they gaoled him. No charges. He just got stopped from doing what he was doing. They'll figure out some charges later. Maybe for a parking offence or not dotting some financial accounts and crossing some ts. Food for thought. Thanks. I suppose. Mqurice PS: <… I am a historian and over the last too many decades I have come to expect the “exogenous event” (the accident) to be a larger determinant of human history than all the well meaning government bureaucrats, and bankers, and insurance salesmen plodding away in their linear world. When there is no money how will the government pay the 43% of the people employed by the government in one way or another? > Can't they just pay them in freshly-printed newly-issued currency of the day? "Stand by everyone, we'll pay you next week in these new dollars". Sort of like the Lira and other collapsed currency countries over decades. Many have gone bust. They seem to keep going, more or less. Very icky. But for those who don't lose their shirts in the process, it's not too bad for a once in a hundred years event. Land and buildings don't go away. So it's not that people don't have somewhere to live. Just the ownership changes. Having somewhere to live is the biggie. Having something to eat is relatively easy these days in the age of obesity.