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

To: mishedlo who wrote (75977)	12/18/2006 1:57:27 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

That is exactly why this board turned to crap There is nothing further from the truth. Inflationary/collapsing economy is ugly, it is ruthless, it is people losing their life savings while others are awake at night trying to figure out a way to stay ahead of this fraudulent confiscation of wealth. Others are making millions for making a phone call to the right place. This board is not crap, it is an exchange of ideas regarding the collapsing US economy and how will this collapse play out. There is nothing personal here, however the financial decisions that are taken with expectation of how is this going to play out will have major implication for future lifestyle of the participants. I have always made a point to show that your work on your blog and your reporting here is appreciated, however i think you should make more effort of at least admitting that you might be wrong sometimes and try to understand another possibility or another point of view. I am on record here, that i believe in hyperinflationary outcome, i have no crystal ball regarding future government policy, but if i am wrong i will admit it.

To: mishedlo who wrote (75977)	12/18/2006 2:30:43 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

<inflation is a monetary thing?> Inflation is NOT just a monetary and credit thing, it is also a confidence in currency relative to goods and services thing. People and participants will make independent and group think judgments. That's what GST has been trying to tell you, and he is correct. I finally took the trouble to read through your exchanges, and although I'd have to throw penalty flags at both of you (and suppose me, for use of "crap"), here's how I score the debate: GST 85, Mish 15. When hyperinflation broke in Germany in the early 1920's, the central bank had already greatly slowed the printing presses. But people lost confidence in their money any way, because the stage had been set. There was a very big speculative component to that and other big inflations EVEN WITHOUT central bank accomodation. We are in a similar situation, and six passes in three weeks doesn't help. That's why the Fed MUST NOT deal with a slowdown (with a back drop of raging speculation) with any suggestion of a printing press run now. Just asking for it.They need to shut down the Riskloves here and now, and fast!