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


To: Pogeu Mahone who wrote (160143)10/26/2008 1:03:12 AM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
5 trill not enough? Try 100 trillion. Inflation is a way to default also, with less in the way of international nuke catching consequences. Especially if you're a little sly about it.

To paraphrase Terry Southern in the Magic Christian, every problem has it's price.



To: Pogeu Mahone who wrote (160143)10/26/2008 1:19:52 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
None of what I said is inconsistent with the Domino theory. That only explained which assets would deflate, it didn't refer to what sorts of insanity would be dredged up to rescue it. The quickest way out would have been to let the dominoes fall and not rescue anything. Then you'd get debt clearing and the survivors (such as they were) could have risen from the ashes. As we've seen, that 'response' was deemed politically unacceptable. What makes you think that the expected worsening of the situation won't be dealt with by more intensified versions of the same medicine (in one absurd acronymous form or another)?

If you think they won't, you haven't been paying attention!

Politicians and Central Banksters use the same hammer for every nail. Whether it 'works' or not is a whole different question, of course.......

And the bottom line being utter and complete destruction of the dollar. I think even the Boxman agrees with me on that.