- This topic has 105 replies, 10 voices, and was last updated 13 years ago by
CA renter.
-
AuthorPosts
-
June 10, 2011 at 11:47 PM #703711June 12, 2011 at 11:34 AM #702710
GH
Participant[quote=CA renter]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.[/quote]
I tend to agree on deflation at least in the short term. I disagree that deflation is preferable to inflation, since this assumes that the cash you hold becomes more valuable each day, but that cash is only good if everyone agrees it is good.
I believe and easy math proves that without massive wage inflation to make up for the huge leveraging which has occurred in the last 25 years, virtually ALL debt currently held will default.
As the debt defaults, those defaulting are effectively taken out of the financial system and those defaulted on are effectively also placed in a position of default and then taken out of the financial system in a very destructive manner.
With each default, things go from worse to even worse and I believe we are already circling a black hole of debt, which will eventually destroy our currency and collapse the worldwide economic system, which depends on ever increasing debt.
It is my position that inflation occurred in the past when money which cannot be repaid was loaned out of thin air into existence. Now we get to choose the form of the destructor (Ghost Busters)
June 12, 2011 at 11:34 AM #702809GH
Participant[quote=CA renter]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.[/quote]
I tend to agree on deflation at least in the short term. I disagree that deflation is preferable to inflation, since this assumes that the cash you hold becomes more valuable each day, but that cash is only good if everyone agrees it is good.
I believe and easy math proves that without massive wage inflation to make up for the huge leveraging which has occurred in the last 25 years, virtually ALL debt currently held will default.
As the debt defaults, those defaulting are effectively taken out of the financial system and those defaulted on are effectively also placed in a position of default and then taken out of the financial system in a very destructive manner.
With each default, things go from worse to even worse and I believe we are already circling a black hole of debt, which will eventually destroy our currency and collapse the worldwide economic system, which depends on ever increasing debt.
It is my position that inflation occurred in the past when money which cannot be repaid was loaned out of thin air into existence. Now we get to choose the form of the destructor (Ghost Busters)
June 12, 2011 at 11:34 AM #703400GH
Participant[quote=CA renter]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.[/quote]
I tend to agree on deflation at least in the short term. I disagree that deflation is preferable to inflation, since this assumes that the cash you hold becomes more valuable each day, but that cash is only good if everyone agrees it is good.
I believe and easy math proves that without massive wage inflation to make up for the huge leveraging which has occurred in the last 25 years, virtually ALL debt currently held will default.
As the debt defaults, those defaulting are effectively taken out of the financial system and those defaulted on are effectively also placed in a position of default and then taken out of the financial system in a very destructive manner.
With each default, things go from worse to even worse and I believe we are already circling a black hole of debt, which will eventually destroy our currency and collapse the worldwide economic system, which depends on ever increasing debt.
It is my position that inflation occurred in the past when money which cannot be repaid was loaned out of thin air into existence. Now we get to choose the form of the destructor (Ghost Busters)
June 12, 2011 at 11:34 AM #703547GH
Participant[quote=CA renter]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.[/quote]
I tend to agree on deflation at least in the short term. I disagree that deflation is preferable to inflation, since this assumes that the cash you hold becomes more valuable each day, but that cash is only good if everyone agrees it is good.
I believe and easy math proves that without massive wage inflation to make up for the huge leveraging which has occurred in the last 25 years, virtually ALL debt currently held will default.
As the debt defaults, those defaulting are effectively taken out of the financial system and those defaulted on are effectively also placed in a position of default and then taken out of the financial system in a very destructive manner.
With each default, things go from worse to even worse and I believe we are already circling a black hole of debt, which will eventually destroy our currency and collapse the worldwide economic system, which depends on ever increasing debt.
It is my position that inflation occurred in the past when money which cannot be repaid was loaned out of thin air into existence. Now we get to choose the form of the destructor (Ghost Busters)
June 12, 2011 at 11:34 AM #703907GH
Participant[quote=CA renter]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.[/quote]
I tend to agree on deflation at least in the short term. I disagree that deflation is preferable to inflation, since this assumes that the cash you hold becomes more valuable each day, but that cash is only good if everyone agrees it is good.
I believe and easy math proves that without massive wage inflation to make up for the huge leveraging which has occurred in the last 25 years, virtually ALL debt currently held will default.
As the debt defaults, those defaulting are effectively taken out of the financial system and those defaulted on are effectively also placed in a position of default and then taken out of the financial system in a very destructive manner.
With each default, things go from worse to even worse and I believe we are already circling a black hole of debt, which will eventually destroy our currency and collapse the worldwide economic system, which depends on ever increasing debt.
It is my position that inflation occurred in the past when money which cannot be repaid was loaned out of thin air into existence. Now we get to choose the form of the destructor (Ghost Busters)
June 12, 2011 at 11:57 AM #702715scaredyclassic
Participanti recommend the greek restaurant on winchester and murrieta hot springs near albertsons. interestingly, they just jacked up prices significantly. i spoke witht he owner (really friendly guy) and he was complaining about the price of lamb at costco. unbelievable, he said.
not sure what it means, but it’s still worth eating there…
June 12, 2011 at 11:57 AM #702814scaredyclassic
Participanti recommend the greek restaurant on winchester and murrieta hot springs near albertsons. interestingly, they just jacked up prices significantly. i spoke witht he owner (really friendly guy) and he was complaining about the price of lamb at costco. unbelievable, he said.
not sure what it means, but it’s still worth eating there…
June 12, 2011 at 11:57 AM #703405scaredyclassic
Participanti recommend the greek restaurant on winchester and murrieta hot springs near albertsons. interestingly, they just jacked up prices significantly. i spoke witht he owner (really friendly guy) and he was complaining about the price of lamb at costco. unbelievable, he said.
not sure what it means, but it’s still worth eating there…
June 12, 2011 at 11:57 AM #703552scaredyclassic
Participanti recommend the greek restaurant on winchester and murrieta hot springs near albertsons. interestingly, they just jacked up prices significantly. i spoke witht he owner (really friendly guy) and he was complaining about the price of lamb at costco. unbelievable, he said.
not sure what it means, but it’s still worth eating there…
June 12, 2011 at 11:57 AM #703912scaredyclassic
Participanti recommend the greek restaurant on winchester and murrieta hot springs near albertsons. interestingly, they just jacked up prices significantly. i spoke witht he owner (really friendly guy) and he was complaining about the price of lamb at costco. unbelievable, he said.
not sure what it means, but it’s still worth eating there…
June 14, 2011 at 4:54 PM #703406Veritas
ParticipantAnyone want to buy some mountains in Austria?
“While its new European banker overlords are pushing Greece to sell off, pardon, ‘privatize’ the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, is offering to sell two mountain peaks in the Austrian Alps.”
http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountainsJune 14, 2011 at 4:54 PM #703501Veritas
ParticipantAnyone want to buy some mountains in Austria?
“While its new European banker overlords are pushing Greece to sell off, pardon, ‘privatize’ the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, is offering to sell two mountain peaks in the Austrian Alps.”
http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountainsJune 14, 2011 at 4:54 PM #704093Veritas
ParticipantAnyone want to buy some mountains in Austria?
“While its new European banker overlords are pushing Greece to sell off, pardon, ‘privatize’ the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, is offering to sell two mountain peaks in the Austrian Alps.”
http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountainsJune 14, 2011 at 4:54 PM #704241Veritas
ParticipantAnyone want to buy some mountains in Austria?
“While its new European banker overlords are pushing Greece to sell off, pardon, ‘privatize’ the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, is offering to sell two mountain peaks in the Austrian Alps.”
http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountains -
AuthorPosts
- You must be logged in to reply to this topic.