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Posts by "catnip"
2150
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2148 Posts by Anonymous "catnip":
when the banking system has collapsed you will see what I mean. Btw it will be worse than a world war in terms of victims. But of course no one could demand US debt to be paid.
Gold will not have any value.
now think what happens if eventually the banking system collapses. No more bank transfers. The value of virtual money is zero. Then there is a huge shortage of US cash. What is the business of a central bank ? Yes to provide cash, eventually. Now compare M0, M1,M2, M3. The FEd prints money? Nope. M0 steadily decreases. US cash gets rare.
The FED prepares deflation. Anyway I continue to stuff greenbacks in every matress. Not far from now bucks will be the only cash that can buy anything at all.
Dr. Ben clever man. Merkel tops moron list.
So far for the over-indebted US . Sooner or later but this year credit rating of Germany will lose triple A.