Post
Topic
Board Economics
Re: Gold: I smell a trap
by
cypherdoc
on 10/08/2011, 04:23:21 UTC
its my feeling that we're going to do a Japan.  we're going to push on a string for the foreseeable future not getting anywhere with 0% interest rates which effectively kills all markets and savers/producers.  all productive capital gets siphoned off to the elites who are well connected to their bought off politicians who keep passing bills in their favor.  banks will be allowed to the extent possible to mark to model their rotting assets dangling a permanent cloud over our economy.  our stock mkt will erode just like the Nikkei as long standing deflation sets in.  not much will do well.  perhaps bitcoin can save us.