09-21-2010, 04:48 PM
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Too lazy to set a custom title
Industry Role:
Join Date: May 2004
Location: West Coast, Canada.
Posts: 10,217
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Quote:
Originally Posted by The Demon
No, many intelligent people have a great idea where we are heading. We have astronomical debt and we hardly are a manufacturing power anymore. We are now a service economy, which means our trade deficits will keep on growing. The morons in congress and mainstream economists practice a flawed theory where they think throwing money at the problem solves the problem, and that consumer spending powers the economy, rather than capital investments and manufacturing. So we're going to continue the quantitative easing, further devaluing the dollar and pushing precious metals up. At least the Great Depression was a deflationary depression.. Everything was cheap as balls. We're going to get an inflationary/hyperinflationary collapse.
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I actually don't disagree with that idea/opinion...
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