Replies to post #123033 on Zeev's Turnips Patch-No Politics (ZEEV)

[gloe]

federal, that was a great read. but I think you need a beer or something. LOL

g (agree this will end badly)

[phineas gage]

And I'll get your little doggie too!

Seriously, ever read any Frank L. Baum? Few know that his most famous story was an aphorism about the fed. I'm not kidding.

[otraque]

George Soros on being asked why he has been short the USD for some time, replied "I listen to the Secretary of the Treasury".( and i am sure also Bernanke, who made the statement "We have a Printing Press" when ask about how they intend to handle their 'money problems'.)
If we see a sell-off commence post FOMC meeting and then go wildly in reverse, we will know the Fed was armed and ready.

[jdaasoc]

Debt will be repudiated in amounts never seen before. However, one has to create that debt first.

I have Norvergence, a forward looking communications company, I my office today trying to sell 60 month contract for telecom services. They were doing the preliminary work to see if I was suitable for a $40K broomstick up my butt via a non-resourse 60 month lease. It seems you have to be willing to commit for 5 years they will provide phone services at a fixed price no matter how many minutes of cellular, long distance and T-1 internet access you use.

[inthehills]

FR, you underestimate politicians...

I was in Brazil when the economy was collapsing fast. Inflation out the ying yang. The solution was a new currency (cruzerio now becomes cruzado sp?) to convert you simply struck the last three zeros from the existing paper currency until the politicos got new stuff printed.

So there is always a solution. The people lost everything based on paper currency. The politicos felt good for having solved a serious economic problem.

Could it happen here?. Who knows? More likely hyperinflation will do the equivalent over the next few decades.

Just my obervation...........