actually my subs don't have to vouch for anything. i wrote everything right here in this thread. go back and check.
I remember. No need to check. Just wondering if you covered yet, as the dollar index is falling..
Don't get caught with your pants down with QE3, euro gold bonds, and a falling dollar index all on the table...
for this you need to understand the deflationary argument. go back and listen to the Turk Prechter interview i put up.
I tried, but it sounded like 2 guys congratulating each other on being great minds who make predictions that don't come true..
That video was the first time I ever came close to understanding the deflation argument.
Give it another try... its good to understand the other side of the argument even if you disagree with it.
Oh I understand the deflationary argument. I just don't agree with it.
Fair enough... the deflation argument was/is really hard for me to wrap my head around. It's just never a good idea to bet against something you dont understand.
EDIT: listening to it again now actually
Nothing more then there won't be enuf money to go around. The problem is the Fed can make as much money as it wants.... Hard to have a shortage of something that you can create an infinite amount of..
"1. The central banks are working in a credit system. 2. If all there was in currency out there it would be different. 3. The US depends on the integrity of its bonds and assets. 4. This couldn't be solved by printing dollars even if they wanted to"
The part I have real trouble understanding is what happens between step 3 and 4. Why does a default hurt less then hyperinflation?
