[goldissima]

"By a continuous process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some....The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million can diagnose." - John Maynard Keynes Economic Consequences of the Peace, 1920

GOT GOLD/SILVER??


Thursday, January 13th, 2005
The Debt Threat: How Debt is Destroying the Developing World
As a group of the world's richest countries agree to temporarily freeze debt repayments of Asian countries hit by last month's tsunami, we speak with globalization expert Noreena Hertz, author of The Debt Threat: How Debt is Destroying the World.
http://www.democracy...5/01/13/1455234

and
Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions
http://www.democracy...4/12/31/1546207

and
'The Coming Collapse of the Dollar' - The Final End Game Of Decades Of Debt Accumulation...
http://www.dollarcollapse.com/

and
(01/31) The Fed is in conspiracy with the Bank of Japan (nothing short of rape of the American taxpayer, who will have to be skinned alive by the Treasury ...)
http://www.atimes.co...y/GA29Dj01.html

and
Debt Threat: We’re Facing A global Debt Crisis Of Unprecedented Size
http://www.harpercol...hreat/index.asp


and many more headlines/facts
http://www.moneyfile...g/movement.html

[Sledgehead]

I am appalled at the level of indebtedness of scoiety and individuals. I personally have absolutely no debts at all. I say this only so that you understand I have no problems with your thesis above.

HOWEVER

There is nothing in th eabove that suggests any timescale for the eventual collapse of th edebt bubble. I light of this, how do you justify your scaremongering headline?

[deano]

Sledgehead, on Feb 4 2005, 04:36 AM, said:

I am appalled at the level of indebtedness of scoiety and individuals. I personally have absolutely no debts at all. I say this only so that you understand I have no problems with your thesis above.

HOWEVER

There is nothing in th eabove that suggests any timescale for the eventual collapse of th edebt bubble. I light of this, how do you justify your scaremongering headline?
<{POST_SNAPBACK}>

It may not be a collapse of the debt bubble at all, but a long period of poverty stricken stagnation. Any liquidity created in the market will simply be moped up by outstanding debt, this is the situation in countries around the world who owe the IMF. Remember, goverments are powerless against banks who know no borders or morality!