Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (34158)	1/5/2011 2:26:34 PM
From: DebtBomb	2 Recommendations Read Replies (1) \| Respond to of 71456

In 2011, with the arsenal of schemes to prop them up depleted, we predict "Crack-Up 2011": teetering economies will collapse, currency wars will ensue, trade barriers will be erected, economic unions will splinter, and the onset of the "Greatest Depression" will be recognized by everyone…. lewrockwell.com

To: John who wrote (34158)	1/5/2011 2:36:52 PM
From: benwood	1 Recommendation Respond to of 71456

John, the number one reason for a deficit is money printing, which creates the stealth tax via monetary inflation. The other big bit is that banking system would probably collapse if not for ever expanding deficits (i.e. money supply). The sad thing is that if there was a level playing field -- no deficits -- all the candidates would have to make harder choices, more thoughtful promises, because there would be no generation of the future that would be sacrificed. Instead, it would be, as you said, like our household budget. Door 1: Take that trip around the world and never retire Door 2: Visit Yellowstone and retire at 65. Ah, gimme door # 2. Instead, with exponentiating deficits, they can promise whatever the hell they want. Political history has shown that you can push out the collapse a generation or two. It's so much easier to get elected when you bring pork home then when you preach austerity. People just love to believe in the tooth fairy.