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To: sandeep who wrote (47053)3/11/2013 9:18:45 AM
From: Augustus Gloop1 Recommendation  Read Replies (2) | Respond to of 221958
 
<<We are definitely in a better position today than in 2008/9.>>

It feels that way but our debt is 60% higher and interest rates are near zero. Wait until people are no longer willing to finance our debt and we have to raise rates. I truly believe we're experiencing the short term benefits of heroin economics. When it finally comes time to enter rehab - life is gonna suck for a lot (the majority) of people

time will tell



To: sandeep who wrote (47053)3/11/2013 10:42:40 AM
From: GROUND ZERO™2 Recommendations  Read Replies (1) | Respond to of 221958
 
Destroying currency against who? Against everyone who saved their money all their lives...

GZ



To: sandeep who wrote (47053)3/11/2013 1:30:03 PM
From: chartseer  Read Replies (1) | Respond to of 221958
 
Destroying currency against those who saved their currency for a rainy day.. Now when that rainy day arrives their currency will not have the value to purchase anything of value.
I always remembered the true story my history teacher told the class about inflation in Germany after WWI. He said a very successful married German industrialist was worried about what would happen to his wife if he suddenly passed away. So he took out a life insurance policy that would provide her with enough money so she would be able to maintain the life style he provided her with. When he suddenly died the postage stamp on the envelope that contained her insurance check was for a larger amount than the amount of the check inside.