To: Real Man who wrote (6662 ) 5/11/2008 12:13:03 PM From: LTK007 Read Replies (1) | Respond to of 71407 This post i now post is in response to the link i give(Fleckenstein's latest'"Why all roads lead to Inflation") Message 24578417 ******************** Excellent article:so the Fabe and the Fleck met:) i comment after quote <<That, ladies and gentlemen, is a recipe for accelerating inflation. And that is not going away anytime soon. As Faber pointed out to me during our recent meeting: "Central bankers have become hostage to inflated asset markets. Tight money will be difficult to implement." In fact, Faber says, tight-money policies will be impossible to put in place , given the socialization of central bankers.>> Richard Russell in his bitter/acidic rant over the incompetence/crime of Greenspan's Term as Fed chief stated Greenspan had left the U.S. and world in a trap. Russell said they now have ONLY two choices, keep inflating or tighten in which case they then would watch the U.S.Economy collapse utterly. IOWs, Greenspan has taken us and world(via mimicking Greenspan) beyond the point of return. Faber in saying "tight money policies will be IMPOSSIBLE to put in place", is on the same page as Richard Russell. Mish keeps writing the Fed will do the right thing, and tighten, what he doesn't recognize, if Fed tightens, we collapse as we have existed on easy credit for so long, and CBs have let U.S. run wild by supporting our madness for so long, we are in fact like Wiley E. Coyote running running running at altitude in the mid-air. World tightens and U.S.Economy is Wiley E. Coyote defiance of gravity terminated and in free fall until an obliterating crash. U.S.has a choice, crash now or crash later, out of sheer fear of revolution, they will be constantly trying to delay/stall the CRASH(thus we will remain in mode, inflate, and try to see how long their phony inflation figures become laughed in mockery by all .) They will lose. Date??? The best date i can give is INEVITABLE . One year/ 4 years maximum.Max The Greenspan/Rubin/Sumner period of dreaming up the great scam "Globalization" as set a catastrophe, imo. Joseph Stiglitz who was a witness to , in the same room with, as Greenspan, Rubin and Sumner created their concoction, has written ( i paraphrase)'i was witnessing three megalomaniacs infatuated with their cleverness and motivated by GREED creating a system to fleece the world and enrich Corporate America and Wall Street.' Now the whole world is dangling from their dastardly web of deceit/hubris and greed. The future will NOT be pretty. Max