I'm a pessimist as well... or maybe a realist? I guess it's all relative. Anyway.... I held back on what you said - I agree with your points, but unlike you, I didn't want to scare the children! And by the way - Scataphagos is right - debasing the currency is the tactic used right now. It works great because it's a stealth tax and 90% of the population has no clue they're getting screwed. However, the bond market is not dumb... and China may get grumpy. Let's think that one thru... I can't see it ending well.
I agree with you and Scataphagos - debasing is going on now - the preferred method. I don't think it will continue for long like this though. We are about to see a second round of TARP bullsh!t If I recall correctly, it wasn't long after the UK's FIRST bail out of their banks that we followed suit and had the TARP. Well, the UK just did a second bailout of RBS and LLoyds...shouldn't be long for here! BTW - loved the comment about not upsetting the children Scataphagos - if you read this - what about your alias - what does it mean? -gastropod
Considering how obvious the writing on the wall is, I've been amazed for quite some time that the foreigners continue to willingly invest in our Treasuries at such low yields... unless there is some secret, subversive agreement which makes it to their advantage.
Gee, I hate to give this up.. "Scata" is a Greek word for "excrement" "Phagos" in Greek means, "to eat", or "eating". BTW... a snail is an example of a gastropod (Homer Simpson, "D'oh".... "a stomach with feet"... usual cleverness from The Simpsons..)
LOL!!! That is what I thought, but didn't want to say it and have you come back with something like, "My name is Steven Cataphagos, so I chose the name scataphagos." LOL!!! -gastropod
Damn... that's clever. My kind of humor. If I'd thought of it first that's what I could have said my handle is from... and all of those who understand Greek could get a private chuckle...