Message:

<p>[QUOTE=&quot;doug444, post: 1616072, member: 38849&quot;]For Revi, &quot;I really don&#039;t know if we&#039;ll have hyperinflation or default,&quot;</p><p><br /></p><p><br /></p><p>It&#039;s not an either-or situation.&nbsp; You can have <u>both</u> at the same time.&nbsp; The present &quot;Fed&quot; thinking is that <i>we will never default as long as we can create money out of nothing,</i> blah, blah, blah.</p><p><br /></p><p>As the money supply surges (only a small portion of which is coin and currency), it&#039;s the middle class whose savings and equity are wiped out; on average, households in general have already taken a 25% haircut since 2007.</p><p><br /></p><p>Wikipedia:</p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"></span>Household net worth fell from 2007 to 2009 by a total of $17.5 trillion&nbsp; or 25.5%. This was the equivalent loss of one year of GDP. </p> <p style="text-align: left"><br /></p> <p style="text-align: left">&nbsp;&nbsp; By the fourth quarter of 2010, the household net worth had recovered by&nbsp; a growth of 1.3 percent to a total of $56.8 trillion. An additional&nbsp; growth of 15.7 percent is needed just to bring the value to where it was&nbsp; before the <u><a href="http://en.wikipedia.org/wiki/Late-2000s_recession" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Late-2000s_recession" rel="nofollow">recession</a></u> started in December 2007</p> <p style="text-align: left"><br /></p><p>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in