"O.K. then; so what does this mean? Should I go out today and spend all my dollars real quick to get rid of them?"
Defaults on a grand scaled equate to debt deflation. With the velocity of money at historic lows.
Buy and hold cash, in the bank and under your mattress.
28 posted on
01/30/2011 7:50:22 AM PST by
Mariner
(USS Tarawa, VQ3, USS Benjamin Stoddert, NAVCAMS WestPac, 7th Fleet, Navcommsta Puget Sound)
“...Buy and hold cash, in the bank and under your mattress...”
You’re onto something...I agree