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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (36261)	6/29/2008 10:03:54 AM
From: elmatador	Respond to of 217705

Argentina had a costly state machine no longer affordable. Need to cut deeply and painfully. One guy Ricardo Lopez Murphy stepped up front and said he could do it. Get rid of 400.000 redundant civil servants and abandon state universities at their own. Middle class went to the streets. Government could not stomach the solution. Defaulted. Did the wrong thing at the wrong time. The US is very fat and has lots and lots of lard to shed. Pulling out of Iraq Monday morning will boost the USD. Wielding the machete in the useless programs. Cut deeply and painfully the military complex. Closing bases, mothballing aircraft carries... Cutting subsidies left and right

To: RJA_ who wrote (36261)	6/29/2008 4:49:22 PM
From: TobagoJack	Respond to of 217705

argentine outcome: - officialdom shut the borders and banks - politicians defaulted to external creditors - forced conversion of foreign currency deposit to local moolah - forced exchange of larger sums local moolah into govt debt - tacitly allowing workers to seize assets not nailed down at private enterprises - print money furiously to settle govt domestic debt - bankruptcy of just about all, except the early capital flight birds - monetary reset, not to gold but to usd - 3:1 buying power reduction, plus the outrageous nominal price fall relative to usd, tallying to whatever final cut, guessing 98% total discount blue light special - all is well again except all must work and no one has any fun - until ten years later, when it all goes to pot again now, imagine the argentine outcome for the home of usd. the event singularity in argentina was certainly surviveable, but noisy, sharply painful, but only for a mo. so, again, recommendation, buygold - metapysical capital flight, hidegold - physical capital flight, and opt out of what is coming our way - top of 36 strategems.