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$50 Silver: Bubble or New Norm?
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<p>[QUOTE="Bluesboy65, post: 1168800, member: 23329"]Hi Winged, you've had some interesting posts. Keep em coming! With regard to the 3 choices:</p><p><br /></p><p>1. they can tax more (which is political suicide so few politicians want to do that)</p><p>2. they can spend less (don't hold your breath)</p><p>3. they can inflate the debt away </p><p><br /></p><p>We cannot tax our way out of the problem without killing the foundation of our economy. Spending less is an important part of the equation but man that seems impossible with the mess we have in Washington. Choice #3 is clearly the chosen strategy because it avoids any really difficult choices and the eventual impact is too hard for most to anticipate and assign blame for. All of this is good for metals and the reason why I think we are about 50% of our way through a 20 year bubble. There will be some short term corrections but the run will end in a crash as it has in years past. </p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1168800, member: 23329"]Hi Winged, you've had some interesting posts. Keep em coming! With regard to the 3 choices: 1. they can tax more (which is political suicide so few politicians want to do that) 2. they can spend less (don't hold your breath) 3. they can inflate the debt away We cannot tax our way out of the problem without killing the foundation of our economy. Spending less is an important part of the equation but man that seems impossible with the mess we have in Washington. Choice #3 is clearly the chosen strategy because it avoids any really difficult choices and the eventual impact is too hard for most to anticipate and assign blame for. All of this is good for metals and the reason why I think we are about 50% of our way through a 20 year bubble. There will be some short term corrections but the run will end in a crash as it has in years past. Bluesboy65[/QUOTE]
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