red river valley | cfdr - 11/1/2014 07:
I believe the same. It cannot go on, but it can go on for a lot longer (probably) than we think possible. We haven't even done something like France did in the early 60s yet. If you believe that I think this system can go on forever, I've been doing a very bad job of writing my posts. I just do not think the outcome is as predictable as you and Old Mcdonald make it appear to be. From what I've seen, you take a pretty much linear trend and project it out, and I don't think things behave like that. At some point, the cycle exhausts the current move, and the pendulum swings back. But I'm sure about one thing - it will not be all that predictable.
What did France do and why? Was it similar to mexico's "stability and economic growth pact" .
And the subsequent issue of the Nuevo peso where they simply lopped off 3 zeros from their money. |