Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (14672)	11/18/2008 11:18:42 PM
From: Robin Plunder	Respond to of 71456

"Was Doug Noland talking about a stable currency as THE key to recovery? So am I. This chart does NOT reflect that. research.stlouisfed.org; bernankes woodie seems to be getting larger...rofl...actually nothing to laugh about....but nobody in washington is going to oppose his indecent exposure... robin

To: Real Man who wrote (14672)	11/18/2008 11:31:26 PM
From: Robin Plunder	3 Recommendations Respond to of 71456

Here are some interesting comments from article as jsmineset today "This will mean, first of all, addressing the credit crisis. Despite all the actions of the Fed and the Treasury, the banks are still not lending. In some cases this is because their own finances are weak. But in others it is because they have other more convenient uses for their funds, ranging from acquisitions to dividend payments. This reflects a flawed bank recapitalization scheme that gives the government no voting shares in the banks into which it is injecting public funds and hence no say in their decisions. Fortunately (as it were) there will be an opportunity to correct this, since as the recession deepens there will be more loan losses and the need for more capital injections. The next round of public money should come with voting rights so that taxpayers’ interests are protected." the camels head is far into the tent at this point...first it was just money and no govt involvement, here it is only a month or two later and we have comments that govt should be directing our banking operations...unbelievable...i guess the point is that when we compromise our principles a little bit, it almost always leads to further and further capitulation to that which is wrong, ending in our own destruction. in the case of US govt, it is many decades since we have left the principles on which our republic was founded, our principles have been adjusted and modified to the point that they are almost unrecognizable...life, liberty and property? what is that? Robin

To: Real Man who wrote (14672)	11/18/2008 11:38:25 PM
From: Aloysius Q. Finnegan	1 Recommendation Respond to of 71456

Exactly! The focus of our concern has been deflation given our deep seated fear of depression. America has never suffered hyperinflation so we don't fear it like we do a depression. In a depression perhaps 25% of the populace is unemployed, but the economy is still intact. Hyperinflation on the otherhand destroys everything and everyone in its path ... the working class as well as the ruling class. It is the breeding ground of Facism and the destroyer of nations. Bolivia, Argentina and Brazil all suffered from hyperinflation in the 80's. Each event was preceded by a decline in real estate and a short period of deflation. Sound familiar? And like the path we are taking now in the US, these Latin American countries inflated their currency in the process of fighting deflation. Within 18 months their economies went hyper.