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Re: faust357 post# 1087

Wednesday, 02/24/2010 12:03:54 PM

Wednesday, February 24, 2010 12:03:54 PM

Post# of 23473
The debt will get to the point where it will be impossible to pay off. I see no way out other than the printing press--devaluing the dollar. Of course, we should not underestimate the PTB since their power emanates from paper. They rig the game and defend their fiat against real money by short selling PMs and miners along with their insider dirty tricks. They want folks focused on buying treasuries (endless auctions now) and staying paper bound. If they buy gold and silver...well. That makes it harder for the elite banks to steal from the folks.

Still, deflationary winds are blowing like a hurricane right now and people and banks are hoarding cash and liquidity. Nobody is lending. I am still expecting an event to break the logjam and I think that will be a currency crisis and devaluation. Dunno when this will happen but it seems to me it's inevitable.
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