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


To: Skeeter Bug who wrote (233932)12/22/2009 6:04:17 AM
From: jazz_loverRead Replies (2) | Respond to of 306849
 
So, debt must accelerate to keep the momentum going.

Could that not be accomplished by devaluing the currency, by say, eventually knocking a zero or two off the dollar one holds in their hands(but not the debt one owes) which destroys savings and stored wealth, and increases debt proportionally?

It'll work until eventually a universal speed limit is reached and the infinite mass requires an infinite amount of energy to accelerate it. What that limit is, no one knows. Like being stuck ever closer to the eye of the whirlpool, velocity seems to increase giving the false illusion that we will escape the maw of the black hole.
Then, it's the big crunch, and a global reset back to the past, so to speak.

So, I say let's party like it's 1999 because none of us will escape the hangover no matter what we do.