> Let's say Japan follows Argentina the way of the Dodo, and then a > couple of other minor countries too. Let's say the 'Great Reckoning' > all happens and the USD goes to hell. The credit cycle is over! > Doom!
I don't understand. How do you envision this 'end-game' scenario coming about? What do you see happening to the value of the USD, and how can it significantly change in value? Moreover, if the USD becomes worthless, then the advantage is to those who DO have mortgages, since they'll be able to pay them off easily. Glory be to those in debt, when their debts become worthless. And if the USD undergoes severe deflation, then the place to put wealth would be in USD, since it will be undergoing the greatest long-term gain. SnowDog --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
