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ForTheRecord101 (November 30, 1999 at 12:00 am)
Inflation will make it easier and easier for us to pay off our mortgages and credit card debt because our debt is all in dollars. Our debt is the only power they have over us. Do you think they will let us pay off our debt with easy dollars??No, they will not give away the power they have over us.That is why they are causing deflation.
InTheSticks1881 (November 30, 1999 at 12:00 am)
After 8 months of study since that original post, I fear the inflationary is the worst and most likely. Hyper inflation also has "a life of its own", i.e. Argentina, Brazil, Russia, Germany, Zimbabwe... Best to protect yourself with essential tangibles and perhaps a bit of silver and gold. One can survive deflationary or inflationary conditions with this mix.
ForTheRecord101 (November 30, 1999 at 12:00 am)
An inflationary scenario is like a walk in the park compared to deflation.Inflation is intentional, deflation has a life of its own.So, lean towards protecting yourself from a deflationary depression.
InTheSticks1881 (November 30, 1999 at 12:00 am)
Anther book to add to that fine list is Crash Proof by Peter Schiff. He is a proponent of the inflationary model. If the dollar falls we'll have the inflation. I'll ordering the others mentioned. With knowing for sure whether we face and inflationary or deflationary depression, playing down the middle so to speak seems like the way to go, favoring the inflationary scenario as it is the worst of the two. |
