|
Central Missouri | here is the quick and dirty on how I feel about this and it boils down to what do you denominate your savings in? My opinion is that weatern world govts will print to try to prevent the derivative fuse from igniting. As denninger points out the math says that printing won't work it will only delay the inevitable. imo, the longer the delay, the more the printing, the more painful trhe resolution will be. I believe they will print infinitum until it doesn't work any more because human nature will look at it this way .... its working.... its working ..... its not what we want to do but its (printing) working ..... and then all of a sudden for one reason or another its not working any more because of the math and then its lights out. Let me see if I can fins a greek bond chart ....
here ya go .... it worked until it didn't http://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND
scroll down on the above chart and click on a 5 or 10 year chart and you will see what I mean. It works til it doesn't.
If we keep down the same road its a matter of time and then the gig is up. And with the current political situation number one nothing and I mean nothing is going to get done for another 12 - 15 months and then its 50/50 that Obama gets elected and then nothin is gonna get done til it blows. So how do you protect yourself. One of the methods is to save in a currency that can't be printed.
Edited by ehoff 10/20/2011 19:53
| |
|
An old article on gold and the current financial crisis This is a really good one..fits my thinking
