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To: Skeeter Bug who wrote (241474)3/18/2010 8:10:19 PM
From: GSTRead Replies (2) | Respond to of 306849
 
You don't seem to grasp the dynamics of what happens when you can't finance and can't eliminate a current account deficit -- it breaks your currency. There are no choices as the currency breaks. We are not familiar with this process because it has never been our issue. It has always been the issue of banana Republics -- and now it is our issue. There is no choice to be made about 'deflation'. Just hearing you say so reminds me that this is foreign territory for many on these threads.



To: Skeeter Bug who wrote (241474)3/18/2010 8:12:30 PM
From: arun geraRead Replies (1) | Respond to of 306849
 
Do they wait for 100 years to make the system fail? I am sure any system can be made to fail earlier, if it was so designed. Then why work so hard to keep it going?

>you act as though this would surprise them. by its very definition, a debt based monetary system like ours is DESTINED to eventually fail. it isn't "if," rather, it is "when."

they knew this in 1913 when they set it up. -lol->


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