[wendy1946]

The thing that kills fiat currency is hyperinflation.

We are still in a deflationary spiral with the three areas that everybody sees standing out as anomalies i.e. food, fuel, and medical care. Food and fuel are going up due to speculation and hot money looking for ways to park itself and medicine is being affected by Bork Obunga's machinations.

Bankers and pols fear deflation a great deal more than inflation since they have vastly less control over it.

[Georgia Girl 2]

We need to accept the deflationary depression and get past it. Prices and wages will fall until they reach a point of market support. it is the only way we will get rid of the inventory of real estate and get the economy back on track. Moving toward the type of Jimmy Carter inflation we had in 1982 is not going to be any more pleasant or solve the issues.

The honest fact is that it does not matter what the Congress does this train is so far down the track and we are also now in the beginnings of a global depression that a financial crash is not avoidable. We are going to have to face it one way or the other. Facing it now by refusing to raise the debt limit will be better than kicking it down the road for another 2-3 years. Its going to be very bad. People who have realized this are preparing themselves to be independent for a year or two to get through what is going to be a terrible situation.

[dollarbull]

We are still in a deflationary spiral with the three areas that everybody sees standing out as anomalies i.e. food, fuel, and medical care. Food and fuel are going up due to speculation and hot money looking for ways to park itself and medicine is being affected by Bork Obunga's machinations.

What do you think now? ECB has jumped in the fray tonight (to bailout Italy, they will print money and buy bonds) and will join Bernanke in the printing orgy. Paper fiat money will continue to lose value, except now it's going to happen at a geometric rate.

Ain't gonna be no deflation in this case. Paper money cannot become more worthful as it is increasing exponentially in volume.

Your so called "worthless" gold is fulfilling it's destiny. Just printed $1692 in this evening's trading. What you don't seem to understand is that gold isn't changing or becoming more valuable, it's the fiat money that is becoming worthless.