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To: RC one
We are not Zimbabwe and we are not hyperinfalted Germany in 1929.

Yet. Now that "trillions" are talked of the way "billions" were 6 months ago, I don't think we have that far to go to reach Weimar. I hold Gold and silver as a reserve disaster fund for my family, secure in the knowledge that come what may, my wife and kids won't starve. You do as you see fit for yours.
48 posted on 02/19/2009 6:04:35 AM PST by Kozak (USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
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To: Kozak

Just spent the past four + hours deeply contemplating our dialectic. It’s all tricky. Lots of uncertainty. Lots of risk everywhere. Lots of panic. Lots of politics. lots of “change”. Lots of fear because of the change. Lots of cards being played close to the vest. Lots of rumors. Lots of grift. The only thing I can say for certain is that we’re in a deflationary spiral right now and that we are potentially sinking into something very bad. The key indicators fully support this. Bernacke has made it clear that he will “throw money out of helicopters” to prevent deflation. It appears that he is poised to pretty much do that. Whether he does, to what extent he does, and whether that results in hyperinflation is unclear. The upcoming fundamentals will tell the story. If we enter hyperinflation, I will be happy to pay my debts off with the, essentially, worthless paper passing as currency. I believe that, because of this, the bankers wish to avoid hyperinflation at and and all costs and will take measures to prevent it from happening. I will be fine either way I think. I’m one of those “nuts” that has been preparing for just this sort of thing ever since the cold war. I hope you and yours will be fine as well. Good luck. I do think things will look better come spring/summer btw but that’s strictly a matter of opinion.


61 posted on 02/19/2009 9:05:19 AM PST by RC one
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