|
Napanee, Ontario | Perhaps I need to read more of Armstrong... Lot of good points in this post.
A default on the gov`t debt IMO, is the same result as monetizing it. Inflationary collapse... no one is going to want to be in any nominal assets associated with that denomination.. but since this will be happening in all countries, it is exactly why Jim Rickards advocates to hold a large allocation of physical / tangible assets.
I do disagree that they will openly default, and back away from monetizing. The ECB just last week came forward with a 1.2 trillion dollar monetization. If anything, the scale is getting bigger, but disagreement is what makes a market ;) | |
|
John - inflation/deflation - probably one after the other
