narco Posted October 14, 2008 Share Posted October 14, 2008 http://www.cnbc.com/id/15840232?video=887658998&play=1 The dollar, euro and sterling are going to be destroyed Zimbabwe-style, believes Martin Hennecke, senior manager, private clients at Tyche. He makes his case to Todd Everts from Wall Street Global & CNBC's Martin Soong. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 14, 2008 Share Posted October 14, 2008 http://www.cnbc.com/id/15840232?video=887658998&play=1The dollar, euro and sterling are going to be destroyed Zimbabwe-style, believes Martin Hennecke, senior manager, private clients at Tyche. He makes his case to Todd Everts from Wall Street Global & CNBC's Martin Soong. I thought the plaiedan space ships were dur to arrive today. 2000miles wide, although I guess I must have missed them. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted October 14, 2008 Share Posted October 14, 2008 http://www.cnbc.com/id/15840232?video=887658998&play=1The dollar, euro and sterling are going to be destroyed Zimbabwe-style, believes Martin Hennecke, senior manager, private clients at Tyche. He makes his case to Todd Everts from Wall Street Global & CNBC's Martin Soong. I wonder if the Thai Bat might be a good place to shift all of our cash? Or the Dong? IMO we face far worse--massive deflation. Bubble always deflate when the air is let out, never inflate. Quote Link to comment Share on other sites More sharing options...
godless Posted October 14, 2008 Share Posted October 14, 2008 I wonder if the Thai Bat might be a good place to shift all of our cash? Or the Dong? IMO we face far worse--massive deflation. Bubble always deflate when the air is let out, never inflate. bubbles don't deflate, they pop Quote Link to comment Share on other sites More sharing options...
Normal Posted October 14, 2008 Share Posted October 14, 2008 Bubble always deflate when the air is let out, never inflate. Haven't you read Ponzi Brown's hypothesis on the Klein Bubble? It has no definable inside or outside, so popping it is impossible. Quote Link to comment Share on other sites More sharing options...
Wuluf Posted October 14, 2008 Share Posted October 14, 2008 Zimbabwe-style Like you mean.. Quote Link to comment Share on other sites More sharing options...
A.steve Posted October 14, 2008 Share Posted October 14, 2008 Bubbles explode I think you'll find. Implode, surely? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted October 14, 2008 Share Posted October 14, 2008 (edited) Bubbles explode I think you'll find. Our bubble will be like a baloon that you let the air out by just letting go of the end bit--makes farting noises as it flys in all directions completely out of control while squealing "10 years of uninterrupted growth..." Then it comes to a rest all flacid and shrivelled and no longer the proud shiny object that people once loved to admire but it no longer brings smiles to their sheeple faces. Edited October 14, 2008 by Realistbear Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 14, 2008 Share Posted October 14, 2008 Implode, surely? depends if you mean the pressurised gas Inside the bubble or the skin Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted October 14, 2008 Share Posted October 14, 2008 (edited) Try this: Hyperinflation Might Kill Americans, Icelanders and British Edited October 14, 2008 by TaxAbuserOfTheWeek Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 14, 2008 Share Posted October 14, 2008 Our bubble will be like a baloon that you let the air out by just letting go of the end bit--makes farting noises as it flys in all directions completely out of control while squealing "10 years of uninterrupted growth..." Then it comes to a rest all flacid and shrivelled and no longer the proud shiny object that people once loved to admire but it no longer brings smiles to their sheeple faces. i think I got one of those bubbles between my legs. odd shape though. Quote Link to comment Share on other sites More sharing options...
Guest Mr Parry Posted October 14, 2008 Share Posted October 14, 2008 I wonder if the Thai Bat might be a good place to shift all of our cash? Or the Dong? IMO we face far worse--massive deflation. Bubble always deflate when the air is let out, never inflate. I think maybe, but . . . Terrible and worsening political situation They had a boom too Pending war with Cambodia Incomes falling off a cliff - dependent on tourism and direct foreign investment BoT not foreign investment friendly THB open to speculation and rapid collapse Government in such disarray makes Broon's lot look like Winston Churchill Inflation worse than here - cost of living has doubled in the past year or so During the 1990's the Baht was 39-40 to GBP. We were in recession and they were in mega boom up to the 1997 crash. In 1997 it went from 40 to 100 Baht to the Pound. IMO, THB is over-valued at the moment. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted October 14, 2008 Share Posted October 14, 2008 I wonder if the Thai Bat might be a good place to shift all of our cash? Or the Dong? IMO we face far worse--massive deflation. Bubble always deflate when the air is let out, never inflate. Brazillian Real RB, plenty of oil, agriculture, chemicals and all the rest down there. Quote Link to comment Share on other sites More sharing options...
narco Posted October 14, 2008 Author Share Posted October 14, 2008 (edited) This guy's argument is fairly straight forward. The sheer magnitude of currency it will take to guarantee every single bank is going to break countries. A broken country always leads to broken currency. When the US, UK and Europeans cannot raise enough tax revenue to pay their debt obligations then the collapse begins or the printing presses get fired up. Either way, the currency gets it. Edited October 14, 2008 by narco Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 14, 2008 Share Posted October 14, 2008 so how do you protect against the risks of deflation on the one hand and also high inflation on the other - significant risk being in the tails, apparently? a global investment fund - and trust the fund managers to move to western equities and bonds in the event of western currency inflation, or, for deflation, non-western equities/bonds or whatever does this make sense from my amateur perspective? surely gold is a one-way bet against inflation? Quote Link to comment Share on other sites More sharing options...
PontiusPig Posted October 14, 2008 Share Posted October 14, 2008 If they keep INFLATING the money supply in a DEFLATIONARY environment they can pretend that everythigns just peachy! Quote Link to comment Share on other sites More sharing options...
narco Posted October 14, 2008 Author Share Posted October 14, 2008 (edited) so how do you protect against the risks of deflation on the one hand and also high inflation on the other - significant risk being in the tails, apparently?a global investment fund - and trust the fund managers to move to western equities and bonds in the event of western currency inflation, or, for deflation, non-western equities/bonds or whatever does this make sense from my amateur perspective? surely gold is a one-way bet against inflation? Don't trust anyone. Deflation is a temporary scare tactic that is often used to justify outragous money pumping and overblown bailout packages. Edited October 14, 2008 by narco Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted October 14, 2008 Share Posted October 14, 2008 So we're all be going to buy De La Rue shares then? Quote Link to comment Share on other sites More sharing options...
Guest Mr Parry Posted October 14, 2008 Share Posted October 14, 2008 Brazillian Real RB, plenty of oil, agriculture, chemicals and all the rest down there. Better advice. Only Mr. Parry is allowed to buy Thai Baht in any case. Quote Link to comment Share on other sites More sharing options...
darwin Posted October 14, 2008 Share Posted October 14, 2008 Robert Mugabe is probably "LOLing" like a mad man over this one. Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 14, 2008 Share Posted October 14, 2008 Don't trust anyone. Deflation is a temporary scare tactic that is often used to justify outragous money pumping and overblown bailout packages. 'don't trust anyone' - so what should I do then - keep it as cash? eat it? Quote Link to comment Share on other sites More sharing options...
narco Posted October 14, 2008 Author Share Posted October 14, 2008 'don't trust anyone' - so what should I do then - keep it as cash? eat it? In this environment you might want to increase your precious metals allocation from 10% to 20% over the next few weeks and months, also start thinking of a plan to manage through hard times. Hold some physical cash and hold some harder currencies like Yen or Swiss Francs. Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 14, 2008 Share Posted October 14, 2008 In this environment you might want to increase your precious metals allocation from 10% to 20% over the next few weeks and months, also start thinking of a plan to manage through hard times. Hold some physical cash and hold some harder currencies like Yen or Swiss Francs. wouldn't gold do badly in the event of deflation? same with Yen or Sw FR? anyway, I don't think I have sufficient funds tojustify going thru preciuos metals dealers Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted October 14, 2008 Share Posted October 14, 2008 Bubble always deflate when the air is let out, never inflate. Stubborn idiots who won't admit they got it wrong always look more and more ridiculous as time goes on. Quote Link to comment Share on other sites More sharing options...
narco Posted October 14, 2008 Author Share Posted October 14, 2008 (edited) wouldn't gold do badly in the event of deflation? same with Yen or Sw FR?anyway, I don't think I have sufficient funds tojustify going thru preciuos metals dealers Theres no long term deflation. That myth disappeared the day the goverments came out and guaranteed every banking institution using sovereign debt. Edited October 14, 2008 by narco Quote Link to comment Share on other sites More sharing options...
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