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BENEFIT SPONGER

Global Depression ?

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I Wonder is the dollar and other paper (FIAT) currency's going to end up being used for something more useful when the S**T hits the fan in 2007/2008, and the stock markets Crash,defaults,credit crunch,recession, Global Depression etc.:rolleyes:

The central banks around the world are increasingly worried that the Bush administration’s profligate spending and irrational monetary policies will trigger a global depression. The recent volatility in the stock market suggests that the credit boom is just about over. Once the liquidity dries up---stocks will fall sharply. :P

But Merv over in the Bank of Rothschild's will tell us that everything is alright with the Pound and economy and don't panic,to give them time to get their VI in order before the cat gets out of the bag that all is not well in uk credit boom also ;)

The printing presses will also be going into overdrive now.

Inflation_2007.jpg

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Yes.we could be in for a global "Crack-up Boom" as explained by Ludwig von Mises.

"Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size… If the credit expansion is not stopped in time, the boom turns to CRACK-UP BOOM: the flight into real values begins, and the whole monetary system founders.”

-- Ludwig von Mises (1949)

Check out:

http://www.marketoracle.co.uk/Article1500.html

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Yes.we could be in for a global "Crack-up Boom" as explained by Ludwig von Mises.

"Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size… If the credit expansion is not stopped in time, the boom turns to CRACK-UP BOOM: the flight into real values begins, and the whole monetary system founders.”

-- Ludwig von Mises (1949)

Check out:

http://www.marketoracle.co.uk/Article1500.html

Yes i agree , we will end having to go down the local Tesco store with a wheelbarrow full of Money and swap it for Toilet roll in the next couple of years. What happens in the U.S. will follow here.

Might barter some pebbles on the beach, and see if i can buy something with it instead of fait money. :D

US Economy on Life-Support and Global Financial System on Brink of Collapse

The inside word is that we are likely to see major monetary shocks and a possible stock market crash as early as December 2007.

The federal government is trying to figure out what to do. Their biggest concern is that foreign investors have started to pull out of dollar-denominated markets.

Even if the plunge protection team succeeds, and the frog cooks slowly, there will be a massive de facto default on dollar-denominated debt and a long-term degradation of the U.S. standard of living. The inside word is that we are likely to see major monetary shocks and a possible stock market crash as early as December 2007.

http://www.marketoracle.co.uk/Article1473.html

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