[bsrsharma]

It is the beginning of the end of our world

Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.

[bsrsharma]

Maserati clunker to be crushed

A 1985 Maserati BiTurbo with 18,480 miles on it will be crushed under “Cash for Clunkers” rules. KUSA reports.

http://www.cnn.com/video/?/video/us/2009/08/14/delozier.maserati.cash.KUSA

Couldn’t he have replaced the engine with nice 350ci V8?

I might have paid him $4k to use it as a lawn ornament!

[bsrsharma]

Maserati clunker to be crushed

A 1985 Maserati BiTurbo with 18,480 miles on it will be crushed under “Cash for Clunkers” rules. KUSA reports.

http://www.cnn.com/video/?/video/us/2009/08/14/delozier.maserati.cash.KUSA

Couldn’t he have replaced the engine with nice 350ci V8?

I might have paid him $4k to use it as a lawn ornament!

[bsrsharma]

Maserati clunker to be crushed

A 1985 Maserati BiTurbo with 18,480 miles on it will be crushed under “Cash for Clunkers” rules. KUSA reports.

http://www.cnn.com/video/?/video/us/2009/08/14/delozier.maserati.cash.KUSA

Couldn’t he have replaced the engine with nice 350ci V8?

I might have paid him $4k to use it as a lawn ornament!

[bsrsharma]

Maserati clunker to be crushed

A 1985 Maserati BiTurbo with 18,480 miles on it will be crushed under “Cash for Clunkers” rules. KUSA reports.

http://www.cnn.com/video/?/video/us/2009/08/14/delozier.maserati.cash.KUSA

Couldn’t he have replaced the engine with nice 350ci V8?

I might have paid him $4k to use it as a lawn ornament!

[bsrsharma]

Maserati clunker to be crushed

A 1985 Maserati BiTurbo with 18,480 miles on it will be crushed under “Cash for Clunkers” rules. KUSA reports.

http://www.cnn.com/video/?/video/us/2009/08/14/delozier.maserati.cash.KUSA

Couldn’t he have replaced the engine with nice 350ci V8?

I might have paid him $4k to use it as a lawn ornament!

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[Author]

Posts