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Re: eik post# 2505

Wednesday, 08/18/2010 1:33:44 PM

Wednesday, August 18, 2010 1:33:44 PM

Post# of 22255
There are many varied opinions on just how far things may reach in the future. I think you have to agree that continuous running of the printing presses is unsustainable and at some point the monetary system will collapse just under the shear weight of world debt and at that point paper will almost certainly become wallpaper. I agree, it may not happen tommorrow or even in my lifetime, that all depends on how long and just how much leverage can still be sucked out of commodities that contribute to economic wealth by the Govt's of the G20 countries. There are stages of inflation and deflation that have yet to be experienced that will lead to false senses of security and hopes of historical repeats. Even in countries like Canada (my country)that can show balance sheets with glowing numbers compared to many other G20 countries, if you look at the per capitia debt we have as much or more than most. Unless these Govt's can forget about the next election and get on with controlling debt and making the middlle tier folks always pay to bail out the big banks and cooperations then they will never begin to control the presses and then I think you will see gold and silver as the monetary source. JMHO

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