>> Let's say Japan follows Argentina the way of the Dodo, and then a >> couple of other minor countries too. Let's say the 'Great Reckoning' >> all happens and the USD goes to hell. The credit cycle is over! >> Doom! > >I don't understand. How do you envision this 'end-game' scenario coming >about?
I don't know! > What do you see happening to the value of the USD, and how can it >significantly change in value? I don't know! I don't entirely understand the mechanism in say Argentina or Weimar Germany! Certainly, the USD (or anything) can "change value" significantly. (Eg, it is now worth 99% less than in was say before WW1.) > Moreover, if the USD becomes worthless, then >the advantage is to those who DO have mortgages, since they'll be able to >pay them off easily. Fair enough -- that's what i was asking. But what if you're suddenly only making say $100 a month instead of $1000 -- it would be hard to pay that mortgage! > Glory be to those in debt, when their debts become >worthless. And if the USD undergoes severe deflation, then the place to put >wealth would be in USD, since it will be undergoing the greatest long-term >gain. > >SnowDog -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - "Most of the world's great religions are hijacked from time to time by men who use the religious faith of others to manipulate them for self- serving purposes. Environmentalism is different however. It is not a religion that happens to be manipulated from time to time for political purpose--for the power and money it can bring to its controllers. Environmentalism is a religion which has been deliberately created, for the sole purpose of manipulating its followers." Arthur B. Robinson, 2001. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
