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<p>[QUOTE="passantgardant, post: 1140651, member: 30033"]Everyone who says don't buy into the doom and gloom cites one or two close calls which were luckily avoided. Why are those examples NOT to prepare? Aren't those actually examples to prepare? We came close to major calamity and barely scraped by, so let's not bother preparing next time? That's absurd. We only got out of hyperinflation in the 80s because the U.S. cooked up petrodollar hegemony while simultaneously flooding the market with gold. Don't expect another rabbit out of the hat like that one! And we only avoided Y2k because companies and governments spent billions preparing. I was a part of that -- one of the programmers fixing the Y2k bug in dozens of legacy programs. We did it, we fixed the problems, so the world didn't end. But in either the stagflation of the 70s or the Y2k scare, it could have gone the other way. Don't fool yourself into thinking we're now immune from entropy. All fiat currencies have hyperinflated. It's the law. It's just a part of human nature that we'll never fix. If you give government the ability to print money, eventually they'll print it out of existence. We're well on our way and within a stone's throw of finishing the job.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1140651, member: 30033"]Everyone who says don't buy into the doom and gloom cites one or two close calls which were luckily avoided. Why are those examples NOT to prepare? Aren't those actually examples to prepare? We came close to major calamity and barely scraped by, so let's not bother preparing next time? That's absurd. We only got out of hyperinflation in the 80s because the U.S. cooked up petrodollar hegemony while simultaneously flooding the market with gold. Don't expect another rabbit out of the hat like that one! And we only avoided Y2k because companies and governments spent billions preparing. I was a part of that -- one of the programmers fixing the Y2k bug in dozens of legacy programs. We did it, we fixed the problems, so the world didn't end. But in either the stagflation of the 70s or the Y2k scare, it could have gone the other way. Don't fool yourself into thinking we're now immune from entropy. All fiat currencies have hyperinflated. It's the law. It's just a part of human nature that we'll never fix. If you give government the ability to print money, eventually they'll print it out of existence. We're well on our way and within a stone's throw of finishing the job.[/QUOTE]
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