[TigerLikesRooster]

[TigerLikesRooster]

Ping!

[Travis McGee]

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

-~~Ludwig Von Mises

[jiggyboy]

jiggygirl and I are working on buying a house just so we are big debtors when the high interest rates and hyperinflation wipe out savers.

[Petronski]

[djf]

http://www.youtube.com/watch?v=NN97tmw6qvY

[tsomer]

Can anyone trace or determine if banks are swapping dollars for foreign currency?

I think they fully expect this scenario. Here’s what they’ll do: dump their dollars for yen, yuan, or even Euros. When the dollar crashes, convert back to the devalued bucks to pay off their bad paper.

I think the administration is cooperating.

[GOPJ]

For the Fed to increase rates, they must go directly against their basic plan of trying to stimulate growth. They also must be aware of the significant costs is adds to US debt service (something like $50B per year per percentage point). This means printing money is the only remaining option.

If we just "print money" the Chinese will balk at buying treasuries. It's the equivalent of giving them back a lot less than they bargained for... Also if we go the "print money" route, they'll switch to a new reserve currency - along with the rest of the world.

[WSGilcrest]

bookmark, (for when I find my glasses)

[OB1kNOb]

Gloomdoom ping.