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

To: carranza2 who wrote (38909)	6/6/2011 5:01:56 PM
From: John	3 Recommendations Read Replies (1) \| Respond to of 71479

The problem is, of course, that central bankers and treasury officials cannot seem to learn the bitter lesson that overprinting leads to inflation, erosion of value and the destruction of savings. How can so many PhDs be so stupid? Are they stupid? They seem to know exactly what they are doing. I think you're proceeding on the assumption that central bankers and treasury officials exist to directly benefit the nations they serve. However, the fact that they always fail in their missions strongly indicates that they exist to narrowly serve the needs and demands of their respective nation's most elite and powerful citizens near the very top. Consequently, all national benefits that materialize as a function of their existence and service are purely ancillary. -ng- In the end, central banks and treasuries are lethal to their host nations. They suck the citizens dry like leeches and move on to rinse and repeat. Their offspring and protégés pick up where they leave off. -ng-

To: carranza2 who wrote (38909)	6/6/2011 5:14:54 PM
From: benwood	Respond to of 71479

"How can so many PhDs be so stupid? " I know!! It's almost like these "economists" have their research and paydays funded by the State! <g>

To: carranza2 who wrote (38909)	6/6/2011 8:00:46 PM
From: Real Man	Read Replies (1) \| Respond to of 71479

Backed standard is needed following hyperinflation. Granted, oil is at $100, and there is significant printing, but what we have right now is not hyperinflation -g- I don't even know if there will be hyperinflation. Most likely not, we'll just continue to stumble along through some pretty bad times, with both significant inflation and debt defaults. The possibility of horrors of Weimar in the US seems to be remote. Even the loss of a 0 (Usd index hits 10 quickly) seems unlikely