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Originally posted by earthling42
One thing i dont see spoken out is that when money is lost, which certainly is going to happen (market to myth cant be forever and some restructuring needs to take place sometime with interest rates going up) PM are going to loose value.
Am i wrong at this?
So what's your interpretation of the future, and have you an accurate record of predictions???
Are you aware that bailouts 2,3,4 etc disguised as TARP, QE, are the reasons why the ponzi scheme has kept afloat, and is now collapsing?
Originally posted by Danbones
Bob Chapmen of the int forecaster just said he sees 50 percnt inflation in 2012...
not to mention the speculation on what's left of the ruined corn crop...
Originally posted by earthling42
Fiat paper is far from useless, its cash, currency which we use to trade.
It used to be gold in history, but not today, today that fiatpaper is our currency.
Anybody buying PM to hedge against inflation better learn about certain forms of inflation, and what a hype is.
There has been massive money inflation in the past decade, and most of that money went into real estate.
With the crash of the housingmarket that money vanished into the thin air out of which it came from.
Banks lost big numbers on it and had to be recapitalized, enter tarp-QE and interest rates at zero.
What i want to point out is that on the other end of the printingpress there were and are great amounts of money being lost, so we really are seeing deflation of the currency wich means it will gain in value against commodities houses and so on.
Inflation in prices for corn and so on are because of scarcity, failed harvest, destroyed crops and so on.
The thing with Max and Gerald is that i do not hear them about this, they do even seem to take pleasure in deluding people and trying to get JPM into bankruptcy, why?
Bottomline is that we have to start paying off debts, and when debt is being repaid the amount of money decreases, money is based on debt, if there is no debt, there is no money.
worldwide governments have to start dealing with deficits and reducing statedebts.