To: EscondidoSurfer
A mattress is a good place for your money during DEFLATION, but we are looking at hyper-INFLATION in the coming years to to the vast money supply that our Spender-In-Chief has created. People with cash need to buy “stuff,” that can be resold in the future; commodities, rental housing etc. And anyone who thinks they will be needing a new car or furniture in the near future should get it sooner than later.
7 posted on
07/12/2010 9:11:35 AM PDT by
ElkGroveDan
(Now can we forget about that old rum-runner Joe Kennedy and his progeny of philandering drunks?)
To: ElkGroveDan
Of course, that is the question isn't it. I do think you can make good arguments for both. However, I am persuaded by Elliot Wave Theorist guru Robt. Prechter who explains that because our money is debt based without any backing in gold or silver, as the debt bomb explodes and debt is wiped out by defaults you have a massive contraction in the money supply. He further states that the Fed cannot beat deflation because what they are creating is debt based money...and debt based money is precisely what is being destroyed...being destroyed faster than the Fed can create it...anyway, that's his argument...I suspect we will be finding out sooner rather than later
10 posted on
07/12/2010 9:38:47 AM PDT by
mick
(Central Banker Capitalism is NOT Free Enterprise)
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