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socrattt.
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August 25, 2009 at 9:36 AM #449219August 25, 2009 at 9:42 AM #449295
BGinRB
Participant[quote=capeman]
Also if you are using the 1979-1985 scenario as a reference in that case you would want to load up on long term Ts hand over fist at high rates. You’d be living well off of the up to 18% interest the taxpayer is paying you long term. [/quote]
I read someplace that those were callable.
August 25, 2009 at 9:42 AM #448693Participant[quote=capeman]
Also if you are using the 1979-1985 scenario as a reference in that case you would want to load up on long term Ts hand over fist at high rates. You’d be living well off of the up to 18% interest the taxpayer is paying you long term. [/quote]
I read someplace that those were callable.
August 25, 2009 at 9:42 AM #449224Participant[quote=capeman]
Also if you are using the 1979-1985 scenario as a reference in that case you would want to load up on long term Ts hand over fist at high rates. You’d be living well off of the up to 18% interest the taxpayer is paying you long term. [/quote]
I read someplace that those were callable.
August 25, 2009 at 9:42 AM #449481Participant[quote=capeman]
Also if you are using the 1979-1985 scenario as a reference in that case you would want to load up on long term Ts hand over fist at high rates. You’d be living well off of the up to 18% interest the taxpayer is paying you long term. [/quote]
I read someplace that those were callable.
August 25, 2009 at 9:42 AM #448885Participant[quote=capeman]
Also if you are using the 1979-1985 scenario as a reference in that case you would want to load up on long term Ts hand over fist at high rates. You’d be living well off of the up to 18% interest the taxpayer is paying you long term. [/quote]
I read someplace that those were callable.
August 25, 2009 at 11:15 AM #44874834f3f3f
Participant[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?
“Funnel Deposits Into Cash”
“Fed Directly Insuring China”… more TK[/quote]
Fast Decline Into Chaos
For Dummies In CashAugust 25, 2009 at 11:15 AM #449536Participant[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?
“Funnel Deposits Into Cash”
“Fed Directly Insuring China”… more TK[/quote]
Fast Decline Into Chaos
For Dummies In CashAugust 25, 2009 at 11:15 AM #449279Participant[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?
“Funnel Deposits Into Cash”
“Fed Directly Insuring China”… more TK[/quote]
Fast Decline Into Chaos
For Dummies In CashAugust 25, 2009 at 11:15 AM #448940Participant[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?
“Funnel Deposits Into Cash”
“Fed Directly Insuring China”… more TK[/quote]
Fast Decline Into Chaos
For Dummies In CashAugust 25, 2009 at 11:15 AM #449350Participant[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?
“Funnel Deposits Into Cash”
“Fed Directly Insuring China”… more TK[/quote]
Fast Decline Into Chaos
For Dummies In CashAugust 25, 2009 at 12:07 PM #449365jonnycsd
Participant[quote=capeman]Another much much less likely scenario would be rates don’t peak at a reasonable/profitable level (much higher) and the currency collapses. Then money wouldn’t matter anyways in a Mad Max scenario like that. [/quote]
Why do you take it as a given that hyperinflation causes society to collapse? I was in Brazil when they had hyperinflation running 4 digits per year. Interestingly, you could still write checks for payments – and each check written had an interest rate assigned to compensate the seller for the week or so delay it took to clear funds. Within about 6 months, the Brazilian banking industry in cooperation with the government had revamped the process so that most checks cleared funds the same day they were written.
There was no chaos in the street – the busses ran, the markets sold food. It was very tough on the poor but society did not collapse. Now, after twice swapping out the entire currency they seem to have got it under control.
August 25, 2009 at 12:07 PM #449551Participant[quote=capeman]Another much much less likely scenario would be rates don’t peak at a reasonable/profitable level (much higher) and the currency collapses. Then money wouldn’t matter anyways in a Mad Max scenario like that. [/quote]
Why do you take it as a given that hyperinflation causes society to collapse? I was in Brazil when they had hyperinflation running 4 digits per year. Interestingly, you could still write checks for payments – and each check written had an interest rate assigned to compensate the seller for the week or so delay it took to clear funds. Within about 6 months, the Brazilian banking industry in cooperation with the government had revamped the process so that most checks cleared funds the same day they were written.
There was no chaos in the street – the busses ran, the markets sold food. It was very tough on the poor but society did not collapse. Now, after twice swapping out the entire currency they seem to have got it under control.
August 25, 2009 at 12:07 PM #448955Participant[quote=capeman]Another much much less likely scenario would be rates don’t peak at a reasonable/profitable level (much higher) and the currency collapses. Then money wouldn’t matter anyways in a Mad Max scenario like that. [/quote]
Why do you take it as a given that hyperinflation causes society to collapse? I was in Brazil when they had hyperinflation running 4 digits per year. Interestingly, you could still write checks for payments – and each check written had an interest rate assigned to compensate the seller for the week or so delay it took to clear funds. Within about 6 months, the Brazilian banking industry in cooperation with the government had revamped the process so that most checks cleared funds the same day they were written.
There was no chaos in the street – the busses ran, the markets sold food. It was very tough on the poor but society did not collapse. Now, after twice swapping out the entire currency they seem to have got it under control.
August 25, 2009 at 12:07 PM #449294Participant[quote=capeman]Another much much less likely scenario would be rates don’t peak at a reasonable/profitable level (much higher) and the currency collapses. Then money wouldn’t matter anyways in a Mad Max scenario like that. [/quote]
Why do you take it as a given that hyperinflation causes society to collapse? I was in Brazil when they had hyperinflation running 4 digits per year. Interestingly, you could still write checks for payments – and each check written had an interest rate assigned to compensate the seller for the week or so delay it took to clear funds. Within about 6 months, the Brazilian banking industry in cooperation with the government had revamped the process so that most checks cleared funds the same day they were written.
There was no chaos in the street – the busses ran, the markets sold food. It was very tough on the poor but society did not collapse. Now, after twice swapping out the entire currency they seem to have got it under control.
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