[alokin]

Why should the dollar against other countries? There is inflation because there is no real value. Other countries have at least manufacturing to back their currency, while US manufacturing is in China and the remaining cannot compete with other countries. (e.g. cars white goods)

[vision-master]

$this->bbcode_second_pass_quote('', 'Y')eah, standard mainstream media bullshit - social security, welfare.

[cube]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'Y')eah, standard mainstream media bullshit - social security, welfare.

[evilgenius]

$this->bbcode_second_pass_quote('MC2', 'A')ctually, we are heading for a deflationary collapse fueled by the credit crisis. I'm sure there are those who would LIKE to be able to inflate our way out of this, but I'm afraid the inflation already occurred several years ago, and now the chickens are coming home to roost.

The dollar will be rising against all other currencies as the world begins to realize they are more f***ed than we are.

[Gerben]

$this->bbcode_second_pass_quote('evilgenius', 'I') agree. You won't get much traction with that on these boards, however. Those that post here are heavily influenced by the gold/monetarist shills that don't have the capacity to understand the efficacy of fiat currency. To them fiat money is a suspcious thing that can't be trusted, not something that exists because of the faith of the people. They actually buy the line that gold has some kind of intrinsic value other than the value that the market places on it.

[Alcassin]

More gold is used in electronic industry which is booming for a decade, so gold had to get higher price due to extra demand.

[Kingcoal]

Link

I agree wholeheartedly here. We are on virgin ground. Never before has the American lifestyle been so leveraged going into an inflationary recession. There will be MASSIVE DEFAULTS and it will turn into a positive feedback mechanism. The court system will be swamped with foreclosures, so many, there will be waiting lists years long. Many responsible borrows, stretched to the max will watch in envy as their irresponsible neighbors have stopped paying their mortgage with little repercussions and they get pissed so they stop paying. It snowballs out of control.

[FoxV]

$this->bbcode_second_pass_quote('Kingcoal', 'T')he court system will be swamped with foreclosures, so many, there will be waiting lists years long. Many responsible borrows, stretched to the max will watch in envy as their irresponsible neighbors have stopped paying their mortgage with little repercussions and they get pissed so they stop paying. It snowballs out of control.

[Daniel_Plainview]

`A battered, over-indebted consumer, if forced to retrench, could create even more problems for the banking system as loan delinquencies would begin to rise even further. All sorts of delinquencies are rising. This is now a systemic issue.''


We've been preaching this for many months now.

"Tsunami" is quite appropriate as a descriptor.

[americandream]

$this->bbcode_second_pass_quote('FoxV', '')$this->bbcode_second_pass_quote('Kingcoal', 'T')he court system will be swamped with foreclosures, so many, there will be waiting lists years long. Many responsible borrows, stretched to the max will watch in envy as their irresponsible neighbors have stopped paying their mortgage with little repercussions and they get pissed so they stop paying. It snowballs out of control.

[KingM]

$this->bbcode_second_pass_quote('Kingcoal', '[')url=http://www.bloomberg.com/apps/news?pid=20601109&sid=a8j2MuFdqA3s&refer=home]Link[/url]

I agree wholeheartedly here. We are on virgin ground. Never before has the American lifestyle been so leveraged going into an inflationary recession. There will be MASSIVE DEFAULTS and it will turn into a positive feedback mechanism. The court system will be swamped with foreclosures, so many, there will be waiting lists years long. Many responsible borrows, stretched to the max will watch in envy as their irresponsible neighbors have stopped paying their mortgage with little repercussions and they get pissed so they stop paying. It snowballs out of control.

[UncoveringTruths]

$this->bbcode_second_pass_quote('KingM', '')$this->bbcode_second_pass_quote('Kingcoal', '[')url=http://www.bloomberg.com/apps/news?pid=20601109&sid=a8j2MuFdqA3s&refer=home]Link[/url]

I agree wholeheartedly here. We are on virgin ground. Never before has the American lifestyle been so leveraged going into an inflationary recession. There will be MASSIVE DEFAULTS and it will turn into a positive feedback mechanism. The court system will be swamped with foreclosures, so many, there will be waiting lists years long. Many responsible borrows, stretched to the max will watch in envy as their irresponsible neighbors have stopped paying their mortgage with little repercussions and they get pissed so they stop paying. It snowballs out of control.

[TreeFarmer]

Have you all seen the movie "The Grapes of Wrath"? Even though the Joad family was homeless they still had gas for the truck.

This time around there will not be any gas...

TF

[Ludi]

At the beginning of 1934, 50% of all urban homes with outstanding mortgages were in default.

[americandream]

$this->bbcode_second_pass_quote('TreeFarmer', 'H')ave you all seen the movie "The Grapes of Wrath"? Even though the Joad family was homeless they still had gas for the truck.

This time around there will not be any gas...

TF

[Judgie]

$this->bbcode_second_pass_quote('americandream', '
')
I wouldn't be too sure of that. How is a bankrupt Capt goin to feed itself, let alone hordes of hungry mouths it has taken under its wing, in a manner if speaking.

Let's not forget, those pictures of concentration and refugee camps harken us back to days when crude oil was in abundance. Today we are in an entirely new era, the age of not only bankrupt individuals, but entire states as well.

[Kingcoal]

$this->bbcode_second_pass_quote('Ludi', 'A')t the beginning of 1934, 50% of all urban homes with outstanding mortgages were in default.

[Heineken]

Not much of an article. Still, it speaks the truth.

It isn't just mortgages. Rates of default on car notes and credit cards are shooting up.

The American public is very poorly positioned to trade in those Chevy Suburbans for Priuses.

[Heineken]

$this->bbcode_second_pass_quote('Kingcoal', '')$this->bbcode_second_pass_quote('Ludi', 'A')t the beginning of 1934, 50% of all urban homes with outstanding mortgages were in default.

[Jack]

$this->bbcode_second_pass_quote('Heineken', '
')How are the Feds going to confiscate gold, Kingcoal. Tell me exactly how they are going to do it.