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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (98865)	1/3/2008 4:52:05 PM
From: GST	Read Replies (3) \| Respond to of 306849

<You simply cannot borrow your way into prosperity. That was my point.> Prosperity? Deflation is prosperity -- each day the money in your pocket buys more stuff than it did the day before. Inflation is not prosperity -- inflation is watching your money pissing any hope of "prosperity" down the drain in front of your eyes. The idea that the dollar in your pocket is set to enter a long term period of appreciation on global markets is ludicrous -- that would be what is required for there to be "deflation". That is and has been my point. We did not borrow our way into prosperity -- quite the contrary -- we borrowed our way into financial decline, and inflation is the ultimate consequence. INflation is how governments default on their debts -- do you get it? I mean no offense, I am just not sure it has sunk in for so many around here. We, the United States, borrowed money from foreigners beyond our capacity or willingness to repay -- and now there is only one path left to us -- default. Inflation, is default. It is a sign that we are way overextended and trapped. It is a sign of impending poverty -- at least compared to the "riches" we thought we had. We built on houses on borrowed money -- we built our dollar wealth on borrowed money. Now it is over. The money we built is more worthless every day. Your dollar -- the one in your pocket, has lost far more "value" than your house!!!!!!!