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Re: goodluck post# 127714

Tuesday, 07/08/2003 4:39:11 PM

Tuesday, July 08, 2003 4:39:11 PM

Post# of 704041
I see only one way out: inflation, and lots of it. That's what debtors always want, and we are the biggest debtor ever. Fortunately for us, our debt is denominated in our own currency, which we can depreciate at will. I see inflation in the next 30 years at least equal to that of the last 30 years, which I think would mean an 70-80% drop in the $US.

Consequently, I see debt (real estate loans) and gold as the places to be...

Hard work often pays off over time,
but laziness always pays off right now.

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