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Re: Gold 1714.60 -19.90 -1.15%

By: Decomposed in ROUND | Recommend this post (0)
Thu, 08 Dec 11 3:46 AM | 36 view(s)
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Msg. 36882 of 45651
(This msg. is a reply to 36876 by ribit)
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ribit,

re: "an attempt to create so much inflation that the debt becomes managable."

You might be joking, but if so, your joke was accidentally ACCURATE. The only alternatives to monetizing the debt are the even more odious 'debt default,' and some mix of default and monetization.

Monetization is how Weimar Germany got out of its little debt problem. Of course, there WERE a few side effects....

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: Gold 1714.60 -19.90 -1.15% By: ribit in ROUND Thu, 08 Dec 11 1:49 AM	Msg. 36876 of 45651
I have decided that all these bailouts, govt and so called private businesses are nothing more than an attempt to create so much inflation that the debt becomes managable.

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