Julio: > Hyperinflation is ruled out because the debt problem is ruled out. > The debt problem is ruled out because all US debt is in USD, i.e. > because the U.S. can always hyperinflate its way out of its debt > problem. Hyperinflation is impossible because of the very real threat > of hyperinflation! > > What am I missing?
Everything. There is no threat of hyperinflation in the US for many years to come. Here is the deal. We will wait for 10-20 years, provided that I can survive that long with my smoking. In the mean time, I will continue with my investment plan: that is, keeping my retirement funds at long term US treasuries until I think it is time to switch to Chinese government bonds. When I do tjhat, whether they will be long term or short term Chinese government bonds will depend on the then existing economic conditions as perceived by me. And we will see how I performed. Deal? Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
