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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Amark$p who wrote (62557)4/7/2010 5:57:02 PM
From: TobagoJack  Read Replies (1) | Respond to of 218253
 
it is the nature of paper money that enables either (i) borrowing from the future to invest and/or (ii) borrowing from the future to invest

on narure of paper money, there is and there ought to be no difference between saver/investor/creditor nations and spender/speculator/debtor states

the difference can be where along the once in 20-generations debt / fiat-money-inflation supercycles the nations and states are at

truth, china can afford a lot of npl and invest more
america also can afford a lot more of npl, which would result in practically nothing good

just that the traditional respite solution for the npl, namely taxes, more fiat money inflation, and round of debtly npl, results in different outcomes, meaning in the former, folks become richer and lives are improved, and

in the latter, we watch and brief by cnbc daily, and we consider a savings-poor version of japan