Post
Topic
Board Economics
Re: Gold: I smell a trap
by
cypherdoc
on 05/10/2011, 16:40:39 UTC
my feeling is that if Ben is going to do anything he will try to stem a disorderly deflation and engineer it into a "controlled deflation".  you heard it here first.

slow rise in the USD with everything else including bonds slowly deflating much like a Japan over years time.

don't get the sense that i'm a USD fanboy.  i hate the Fed and our complicit gov't more than any of you guys.  they are robbing us all blind.  i'm just describing what i think has to happen and is happening as opposed to rooting for it.   i've always loved gold/silver but i don't see it being a solution to our problems.

we have entered the Age of Deleveraging and the debt has to be written off for the global economy to move forward.

i think if we do go to a new monetary standard of some sort it has to involve something digital like Bitcoin.