[TigerLikesRooster]

Ping!

[screaminsunshine]

I have thought for a long time devaluation is the only choice they have in the end. I think hyperinflation will come after the election. How else can they pay off 65 trillion of debt and entitlement obligations like social security. They sure are not going to get much in taxes this year with all the losses.

[djf]

I have heard about this. A prediction that spring 2009 will bring the bankruptcy of America.

In spite of all these grumblings, we still see commodity prices getting clobbered, which makes no sense.
Rumors are there are LARGE gold transactions going on now somewhere on the other side of $1,000 per ounce. But since they are “off-sheet”, the peasants never know about it.

[taxcontrol]

So what market positions can one take to minimize the impact of devaluation if you get paid in dollars?

[arthurus]

The dollar has been “devaluing” since Bush announced Devaluation 6 years ago.It has been a fairly smooth slope downward with one maybe two moments of acceleration in rate. What we are facing here is a sudden extreme acceleration in rate i.e. Weimar.

[listenhillary]

Easy, just start selling 60 year bonds. (/sarc)

[Petronski]

This is the fundamental situation. Everything else is speculation and commentary.

This article too is speculation and commentary, with manure baked right in.

[Infidel Puppy]

This is exactly correct. And unfortunately, this is the *optimistic* scenario which counts on no more bad news between now and when the US Treasury has to start defaulting on bonds.

Have a look at this, I find it quite informative: www.urbansurvival.com

[happygrl]

This is the fundamental situation. Everything else is speculation and commentary.

I believe it.

This would be my worst fear coming true.