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  • June 9, 2011 at 3:21 PM #703332
    eyePod
    Participant

    Cognitive wrote “Hopefully, if we are lucky, cascading bank failures ”

    You’re still stuck on “banks”. We are talking about the EU and IMF. Should those fail? European central banks?

    “Teach” the populations how incompetent they are? Yeah, people will be glad to have their wealth taken from them. Have you been following the demonstrations in Greece? The failure of the government in Portugal? That would be nothing.

    June 10, 2011 at 2:26 AM #702249
    paramount
    Participant

    I have a feeling Greece is being used by the banksters to launder money somehow.

    June 10, 2011 at 2:26 AM #702347
    paramount
    Participant

    I have a feeling Greece is being used by the banksters to launder money somehow.

    June 10, 2011 at 2:26 AM #702939
    paramount
    Participant

    I have a feeling Greece is being used by the banksters to launder money somehow.

    June 10, 2011 at 2:26 AM #703089
    paramount
    Participant

    I have a feeling Greece is being used by the banksters to launder money somehow.

    June 10, 2011 at 2:26 AM #703446
    paramount
    Participant

    I have a feeling Greece is being used by the banksters to launder money somehow.

    June 10, 2011 at 9:49 AM #702308
    GH
    Participant

    [quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.

    June 10, 2011 at 9:49 AM #702407
    GH
    Participant

    [quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.

    June 10, 2011 at 9:49 AM #703000
    GH
    Participant

    [quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.

    June 10, 2011 at 9:49 AM #703149
    GH
    Participant

    [quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.

    June 10, 2011 at 9:49 AM #703507
    GH
    Participant

    [quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.

    June 10, 2011 at 11:47 PM #702514
    CA renter
    Participant

    [quote=GH][quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.[/quote]

    As a long-time deflationist, I would agree that the debasing of the USD has been happening for a long time, and the future is (most likely, IMHO) deflation. Our money is almost all in cash right now, so am putting my money where my mouth is. Still, there are very real threats to the dollar, and it’s what keeps me up at night. The Fed has effectively printed up trillions more, which is why someone with cash can buy less today than they could in early 2009. It’s disconcerting to hear so many people champion inflation, as if that doesn’t come with its own set of problems.

    It will be interesting to see how this all plays out. A million dollars for a crystal ball! 😉

    June 10, 2011 at 11:47 PM #702613
    CA renter
    Participant

    [quote=GH][quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.[/quote]

    As a long-time deflationist, I would agree that the debasing of the USD has been happening for a long time, and the future is (most likely, IMHO) deflation. Our money is almost all in cash right now, so am putting my money where my mouth is. Still, there are very real threats to the dollar, and it’s what keeps me up at night. The Fed has effectively printed up trillions more, which is why someone with cash can buy less today than they could in early 2009. It’s disconcerting to hear so many people champion inflation, as if that doesn’t come with its own set of problems.

    It will be interesting to see how this all plays out. A million dollars for a crystal ball! 😉

    June 10, 2011 at 11:47 PM #703205
    CA renter
    Participant

    [quote=GH][quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.[/quote]

    As a long-time deflationist, I would agree that the debasing of the USD has been happening for a long time, and the future is (most likely, IMHO) deflation. Our money is almost all in cash right now, so am putting my money where my mouth is. Still, there are very real threats to the dollar, and it’s what keeps me up at night. The Fed has effectively printed up trillions more, which is why someone with cash can buy less today than they could in early 2009. It’s disconcerting to hear so many people champion inflation, as if that doesn’t come with its own set of problems.

    It will be interesting to see how this all plays out. A million dollars for a crystal ball! 😉

    June 10, 2011 at 11:47 PM #703354
    CA renter
    Participant

    [quote=GH][quote=CA renter]Of course, by debasing our currency, we are effectively defaulting, IMHO.[/quote]

    I would say we are not debasing our currency. This already happened during the bubble. Now we get to choose as a collective how we default.[/quote]

    As a long-time deflationist, I would agree that the debasing of the USD has been happening for a long time, and the future is (most likely, IMHO) deflation. Our money is almost all in cash right now, so am putting my money where my mouth is. Still, there are very real threats to the dollar, and it’s what keeps me up at night. The Fed has effectively printed up trillions more, which is why someone with cash can buy less today than they could in early 2009. It’s disconcerting to hear so many people champion inflation, as if that doesn’t come with its own set of problems.

    It will be interesting to see how this all plays out. A million dollars for a crystal ball! 😉

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