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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (108799)	6/19/2010 6:44:27 PM
From: FreedomForAll	1 Recommendation Respond to of 110194

This is a strategy that banksters follow to perfection... just get the taxpayers to cover the losses and debt service, if any. Been doing it for generations.

To: RJA_ who wrote (108799)	6/19/2010 6:47:37 PM
From: SG	Respond to of 110194

I can't post the Barron's url but one of their columnists is predicting higher taxes (when Bush cuts expire) and a 20% VAT in the U.S. How long can that delay the demise of the dollar? And how can the solution always be instituting yet another tax? How long will the populace accept this? SG

To: RJA_ who wrote (108799)	6/20/2010 6:29:47 PM
From: Skeeter Bug	2 Recommendations Read Replies (2) \| Respond to of 110194

RJA, fixed, low rate debt is probably the best "investment" in a controlled and sustained inflation since "gains" aren't taxed. however, i think there is a huge chance we don't see that. i think there is a good chance we see more of the same (economy deflates, government inflates essentially equaling out) until we get a rapid collapse of the system. i would be devastated if the criminals in power stole my wealth such that i could no longer pay off my house - and i'm 30 year fixed at 4.75% (perfectly positioned for 70s inflation - but i don't think it is likely we get it). better safe than sorry. at that point, the banks will almost assuredly be closed and depositors wiped out. markets could even be shut down. i'm to the point now where i'm likely going to pay off my home and then spend my ongoing income on home protection, storable food, water and silver and gold bullion. i do not want debt money trash and i don't want to be part of the financial system when it completely collapses. make no mistake - we are headed toward a complete financial collapse at some point.