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| User Info | Fekete - Inflation and deflation all at the same time?; entered at 2007-12-01 16:49:57 | |||
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Pointpark04 Posts: 1705 Registered: 2007-09-18 Gen. Smedley Butler 
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Sellnrun. One big difference between now and then: in the 1930s, the average American wasn't saddled with tens or hundreds of thousands of debt, and the USofA wasn't $9 TRILLION (who knows, it could really be more) in debt. The USofA also had a viable manufacturing base, and the world loved us. All of that has reversed today. I'll sum up NoThing right here: if you take away the APPETITE for credit, it doesn't matter how much credit is offered. NOBODY WILL EAT IT. And, seeing as debt=money, no more debt=no more money. Ben might want to fire up the helicopter and take her for several spins above the block, but the credit markets aren't going to supply him with enough fuel in order to make his desired rounds. Edit: There may be money to be made in gold, Sellnrun, but not once the deflation cycle begins in earnest. After that, it'll be worthless. Last modified: 2007-12-01 16:51:11 by pointpark04
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