7 replies to this topic

[fiftybagger]

buy gold, protects against both

[cobben]

what I mean is, as TPTB want neither deflation nor inflation, they will think up something "new & different" for you to enjoy.

Not that you will, of course. (Enjoy it that is.)

How about a two sided dollar bill - one side is gold backed & deflationary, the other side is Weimar-backed (or by the Nigerian guvm''nt) & hyperinflationary. That should take care of all possibilities.

[tanstaafl]

To have a REAL deflation you need a REAL currency.  We ain''t got one.  I''d call it a systemic monetary collapse.  The credit seizes or collapses (your choice of words, I guess, except seizure seems more appropriate -- given the speed and unexpectedness...one minute your credit card is good, the next it won''t be).  The dollar -- along with ALL fiat currencies in the world -- contemporaneously accelerates its race to intrinsic value of zero.

Invest in yourself and things which take you off grid or off system...cause the system is looking stinkin''-drunk wobbly for the next decade or two, at least.

[mannfm11]

This isn''t weimar printing,but a swap of assets.  IN fact there is very little printing except people are now starting to hoard cash and I don''t mean bank balances.  I think this will all end with a default by all governments.  There may not be any private property when this is all done.

[mannfm11]

there is a real currency.  Your house is better collateral than gold.  I was reading the Bubble that Broke the world and France started a run on US gold.  France owed the US money, billions, but they were able to bend the US banking system over the barrel to where the US had to call their bluff.  When you realize the games with gold, you realize it isn''t any more stable than paper.  The debt bubble in the 1920''s was as bad as this one, but the governments didn''t know how to sustain it.  The day people don''t need something convertable into currency to keep their homes, to keep a roof over their heads, to satisfy government debts, then original Fred will be right.  I would look past what the Fed is doing right now as it isn''t giving away free money.  It is taking all the really prime assets out of the banking system  and I believe we have reached the point where the Fed will now act as a depository bank for banks and this in itself will deny the system cash.

[detachedbear]

deflation cancel each other out.  Like Bernanke can walk that knife edge.  Even if he did those that benefit would do well while those that suffer would have intolerable lives.  We live in "interesting times" indeed.