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To: DiogenesLamp
This is a postulation in absence of contemplation of the deterrence effect. I would suggest that if the consequences were known and obvious, the will to behave improves dramatically.

+1. I was just pointing out what the deterrence would be. When your money represents real things the consequences of bad monetary policy become real as well. Inflating your way out of debt is no longer an option. You pay your bills and if you get in over your head austerity becomes the only option.

I personally like the system, but then again I'm a conservative who doesn't carry credit card, student loan, car or mortgage debt. And hasn't done so since I was 30. I like strong currency to protect my savings. I have taken responsibility for my own life and would appreciate a system where other people's irresponsibility doesn't ruin my life.
12 posted on 02/29/2012 7:35:59 AM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: GonzoGOP
I personally like the system, but then again I'm a conservative who doesn't carry credit card, student loan, car or mortgage debt. And hasn't done so since I was 30. I like strong currency to protect my savings. I have taken responsibility for my own life and would appreciate a system where other people's irresponsibility doesn't ruin my life.

You and me both. I have lately been telling my kids repeatedly, "the Democrats are STEALING our money." They give me weird looks, and I try to explain that because Democrats have been raising government spending, and routing it through their friends, associates and supporters as much as possible, it has a devaluation effect on existing money, meaning money loses value every year this insanity continues. (Overly simple, I know, but they wouldn't understand the more complex aspects of what is occurring. :) )

I have been quite aggravated in looking for alternatives. I see the stock market as a "no mans land" and real property holds no appeal for me. (If we have a financial collapse, your paper deed will not secure your property anyway.) Gold was a good idea several years ago, but buying it now is locking in loses already suffered.

Anyway, I have a few ideas which I am implementing currently, but beyond that I wish there were some way to jettison dollars from my assets. I do not trust that they will be worth much of anything in the near future. As a matter of fact, the notion just occurred to me that we may very well have another meltdown just prior to the election just as we did in 2008, and it is my belief that *THAT* meltdown was intentional and contrived by those seeking to boost Obama into the Presidency. (McCain was leading decisively till this occurred.)

I think if such a thing occurs again, I would not want to be holding very many dollars after the late part of summer.

15 posted on 02/29/2012 7:58:22 AM PST by DiogenesLamp (Partus Sequitur Patrem)
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