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

To: Skeeter Bug who wrote (20904)	6/21/2009 5:46:02 AM
From: axial	Read Replies (1) \| Respond to of 71456

Skeeter, I'm not disagreeing that things look bad. So let's be clear about that. GST has lifted the debate from another thread; that has changed the context of what was said, and why. --- Here's the original post, on Mish's thread: Message 25726306 --- In that post, don't look for a statement that inflation will NOT occur, *because it doesn't exist.. In that post, I simply say it is the view of interventionist economists that barring some disruptive event, inflation will occur later, not immediately. --- Re: your other points, my original post also notes that debt accumulation is a long-term structural problem* - not simply (or only) an outgrowth of recent crash avoidance. That fact has been posted here many times, with accompanying charts. As you state no administration is innocent. But the numbers show some are a lot guiltier than others. Once "pay as you go" ended, debt started climbing gain. For decades, people and politicians bought into the myth that taxes were unnecessary and evil, and that the US could simply borrow and spend its way to prosperity and power. The saying is that a falling tide shows who has been swimming naked. The US has been swimming naked for a long time; the emperor has no clothes. Now the people who voted for tax-free borrow-and-spend existence are finding out the truth... "Pay me now, or pay me later." Jim