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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: the longhorn who wrote (7185)	5/28/2019 1:40:57 PM
From: isopatch	2 Recommendations Recommended By Arran Yuan the longhorn Respond to of 26439

Last epic deflation which also began as disinflation in the 1920s after the big explosion of inflation in the early 1920s (here and abroad) forced FDR in 1932/33 to give the official gold price (which was fixed in that era and prior) a big boost. Expect the same thing to happen in our future, after every other silly band aid and concealed gimmick is tried to fix the obviously failing fiat debt based Keynesian model run by the CBs and their big bank owners. That will inevitably create a much bigger socio-economic meltdown than we saw in 2007/08. Entrenched interests only change when they're forced to. This time isn't different. Mountains of supporting evidence I've no time to repeat, in a post, has been covered in conceptual posts here, and elsewhere, for many years. Bottom line? It takes a long time to destroy a great empire. We can only guess how much time remains on the clock. My wag? 5 yrs. maybe 10 before the US $ loses it's reserve currency status forcing us to borrow in other currencies. That has been game over for every prior national reserve currency going back many centuries. Again, this time won't be different. Good question, BTW. Wish there were time for a back and forth about this but have too much real world work to do today and have to log off for awhile Iso