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


To: Mike Johnston who wrote (89190)11/26/2007 7:04:31 PM
From: GST  Read Replies (2) | Respond to of 110194
 
<losing reserve currency status will result in much greater inflation and decline in living standards>

I could not possibly agree more strongly with you on this. The ongoing US debt default and the crumbling of the dollar can only lead to one thing -- inflation. I have never seen anybody here or elsewhere make a logical case for deflation in the midst of a massive US debt default and crumbling currency.

Well said.