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

To: Real Man who wrote (19624)	4/12/2009 4:52:04 PM
From: RJA_	Read Replies (1) \| Respond to of 71414

Here is someone making a cogent argument that we are not in a fiat money system, but a credit money system with an attached appendage of a fiat money system. Some of his conclusions are: 1. Bernakes level of currency increase is vastly insufficient to turn deflation into inflation 2. Reserve requirements are ignored by banks in a credit money system, they just borrow more from the central bank if needed. 3. Giving money to banks will not restart lending, as their inclination in a collapsing economy is not to lend 4. Money must be given directly to the debtors, not the banks. One of the implications of this is that we are still in deflation... a conclusion that goes against my feelings. But there is pretty strong logic here, backed by lots of nice charts and graphs. I am interested in any thoughts on this, Vi? All? See the link referenced pdf. debtdeflation.com Also his web site: debtdeflation.com