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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (15984)4/7/2011 11:07:13 PM
From: Skeeter Bug2 Recommendations  Respond to of 119362
 
>>He says it is "like playing Monopoly with someone that reaches under the table and pulls out a bunch of extra money when they are almost broke."<<

not even close.

let me fix it...

He says it is "like playing Monopoly with someone that takes cash advances out on your credit card and pulls out the proceeds when they are almost broke."

one is much worse than the other - for the citizen.

the dollar goes to zero in the end - there is no debate there.

the only question that remains is... will the robber barons who own almost all the cash trade it in for real assets before driving the dollar to zero (deflation first, bust debtors, take their assets) or if they drive the dollar to zero straight away (they bust themselves - the bond holders who have, until now, refused to take a haircut on said bonds)?