Global systemic crisis Alert - Summer 2009: The US government defaults on its debt

[Dilrod]

:scared:
http://www.leap2020.eu/GEAB-N-28-is...US-government-defaults-on-its-debt_a2250.html

 

[fletchisrhsm]

I have been screaming for Hyperinflation for a few years now, but there are those like Willie and MJ who refuse to see the light and these are bright guys. Tiznow, who is sharper in financial matters then myself disagrees, so it should be interesting to see what happens. either way you look at it, we arefacing some tough times, and its not all just "speculation".

 

[Dilrod]

Yeah. Well, one thing is for certain, the global elite knew this problem was coming and already have a solution they are currently taking off the shelf and dusting off.

 

[Dilrod]

I'm not an expert but uh, isn't this going to cause massive inflation?

Banks borrow record $437.5 billion per day from Fed
http://www.reuters.com/article/newsOne/idUSTRE49F97920081017

 

[C-Gold]

It means banks are borrowing money at a low rate. If you could borrow money at 3% and lend it at 6%, how much would you do that?

I'd borrow and lend infinity on those terms.

 

[Dilrod]

Yeah, but what about the fact that the money they are borrowing is being printed "out of thin air" and adding to the money supply, effectively reducing the value of all currency in circulation?

 

[C-Gold]

437 bill is a drop in the bucket... especially in this deflationary enviornment. They also WILL have to pay the money back... in a less deflationary enviornment.

 

[DarrylParsons]

Yeah, but what about the fact that the money they are borrowing is being printed "out of thin air" and adding to the money supply, effectively reducing the value of all currency in circulation?

Jim Rogers said it will be an inflation holocaust. I tend to agree with the guy because he's a sharp cookie.

http://www.cnbc.com/id/27097823

 

[Dilrod]

437 billion EVERY DAY is a drop in the bucket? That number is astronomical.

 

[C-Gold]

Jim Rogers said it will be an inflation holocaust. I tend to agree with the guy because he's a sharp cookie.

http://www.cnbc.com/id/27097823

I am a big Jim Rodgers fan.