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

To: bart13 who wrote (75868)	12/17/2006 12:35:39 PM
From: jimmg	Read Replies (2) \| Respond to of 110194

Bart's statements: <<bottom line, study any hyperinflations of the past and you'll find that the money generally does not make it into the pockets of the households.>>> <<<Wages skyrocket for the masses, but purchasing power doesn't.>>> In other words, Kris was right and you are admitting that you were wrong.

To: bart13 who wrote (75868)	12/17/2006 2:03:15 PM
From: kris b	Read Replies (1) \| Respond to of 110194

Wages skyrocket for the masses, but purchasing power doesn't. If a household is very wise about investing they may gain but most don't and didn't - during Wiemar or any other hyperinflation. Everybody gets destroyed in hyper inflation except players with access to credit at fixed interest rate or where the cost of credit is lagging hyper inflation. The gainers back then were big industrialist with easy access to credit. BUT THIS IS A SIDE ISSUE IRRELEVANT TO OUR DISCUSSION. THE QUESTION STILL REMAINS UNANSWERED. WHAT IS THE TRANSMISSION MECHANISM FROM THE CREDIT CREATOR TO THE CASH REGISTER. In the 70's it was transmitted by higher wages. Today, american worker doesn't dare to ask for a rise for a fear of his job being offshored to Chindia. Which route is left?