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


To: the navigator who wrote (108863)6/26/2010 11:18:25 AM
From: RetiredNow1 Recommendation  Read Replies (3) | Respond to of 110194
 
It doesn't happen like that. The dollars are just devalued and your debt is devalued along with it, because it is owed in those dollars. Keep this in mind too. If you have a loan for 4.8% and you have the money to pay off the house and choose to keep that in the bank, then if we have inflation in a few years, you'll find CDs that will pay you far more than 4.8%. In Carter's day, you could get 1 year CDs for 12%. So which do you think is smarter, paying off a loan where you pay 4.8% and get a tax deduction or putting that money in a 12% CD in an inflationary period?

So the common wisdom would be to hold on to your cash and wait for inflation. Keep your cheap loans and keep taking the tax deduction on it.



To: the navigator who wrote (108863)6/26/2010 11:01:03 PM
From: Skeeter Bug1 Recommendation  Respond to of 110194
 
tn, i believe their is a significant chance that the economy keep chugging along until we get lehman bros x10 - except this time the US government is flat broke and we are told we must bow before the alter of the criminal IMF and WB (controlled by the guys who run goldman sachs, jp morgan, the fed, the ecb, etc...)

at that point, they will pretend to be our salvation - but...

they will have conditions...

and they won't be pleasant.

this is what scares me.

would you be able to pay off your home if they closed the banks, nullified FDIC (it is simply a confidence game promise that can't reasonably be kept like ss and mc) and closed down the stock markets and confiscated the money as a requirement to "save us?"

i couldn't - and i'd be angry as h*ll were they to do that.

and before you say they can't - they've done it before, all over the world. why not do it to america? they've already put the citizens on the hook for up to $30 trillion of their gambling money (unlimited via fannie and freddie).

the forced privatized RAIN WATER on the bolivians - it was ILLEGAL TO DRINK RAIN WATER!

these people are criminals!

while 70s style inflation may be possible, but i think the whole system collapses well before we get 5 years of 70s style inflation.

can you handle the collapse with a mortgage and your money stolen?

i don't think i can - given i can pay off the house now and save money for storable food, home protection, water, filters and the like.

this is going to be a full on economic collapse - MUCH WORSE than the great depression. the bigger the bubble, the bigger the bust - and this credit bubble dwarfs the great depression.

for those who don't think their market accounts can be forcibly taken - the government can force you children to go fight and die in some war based on a lie (vietnam - gulf of tonkin false flag lie that the government used to get involved), they can steal your retirement.

and i believe they will try - these psychopaths are EVIL.

this interview with fleix zulauf is excellent and is likely accurate, imho...

kingworldnews.com

the only quibble i have is that i think the whole system could reasonably collapse before the markets hit his targets - and there may be no stock trading.

i could easily be wrong here... but i most certainly DO NOT FEEL "LUCKY" with these criminals running the show with complete impunity.

i want to make my assets as difficult to steal as possible - b/c they will eventually steal easily stolen assets, imho.

video.google.com

hulu.com

tax rates are too high to liquidate retirement accounts at this point - but we'll see. if i get laid off, i will liquidate my retirement account up to the point of the highest tax bracket kicking in.

this is gonna be the real SHTF moment in history when humpty dumpty is shoved into the abyss by the uber banking class.



To: the navigator who wrote (108863)6/27/2010 5:19:20 AM
From: Skeeter Bug1 Recommendation  Respond to of 110194
 
tn, here is another link that deals with economic collapse...

madconomist.com