10-10-2008, 10:22 AM
David and Jan,
A thought I had this morning. I'd like to hear if you think it makes any sense.
By the way I've been having a fab time over at the Guardian for the last few days. People are becoming more open to hearing that the financial masters have feet of clay and their 'bail out' isn't going to work.
Anyway here's my thought for the morning.
People talk about the possibility of hyper-inflation. They talk about the possibility of becoming like Weimar Germany or Zimbabwe and seeing currency inflation.
Given that we the currency most in use in the markets has been the debt backed currency could we not argue that we already do have hyper-inflation - of the debt backed currency.
We keep looking for signs of hyper-inflation in the high street currency. Are we noty missing the obvious signs of it in the financial currency? What else do you call it when Banks, corporations and governments are forced to talk in Billions and even Trillions.
I think there has been hyper-inflation of the undeclared currency and once you see this clearly you see what is happening now as the effect of that Hyper-inflation.
Which leads me to think that the actions being taken are possibly quite designed for quite a different crisis from that they are actually in.
What do you think?
A thought I had this morning. I'd like to hear if you think it makes any sense.
By the way I've been having a fab time over at the Guardian for the last few days. People are becoming more open to hearing that the financial masters have feet of clay and their 'bail out' isn't going to work.
Anyway here's my thought for the morning.
People talk about the possibility of hyper-inflation. They talk about the possibility of becoming like Weimar Germany or Zimbabwe and seeing currency inflation.
Given that we the currency most in use in the markets has been the debt backed currency could we not argue that we already do have hyper-inflation - of the debt backed currency.
We keep looking for signs of hyper-inflation in the high street currency. Are we noty missing the obvious signs of it in the financial currency? What else do you call it when Banks, corporations and governments are forced to talk in Billions and even Trillions.
I think there has been hyper-inflation of the undeclared currency and once you see this clearly you see what is happening now as the effect of that Hyper-inflation.
Which leads me to think that the actions being taken are possibly quite designed for quite a different crisis from that they are actually in.
What do you think?
Now could you tell the second thing which came to your mind?