Robert, I do not think that it is comparable with Brazil. I think that the depression in the 30s is a more adequate comparison. This because US is a democracy, educated population and leaders who can handle it.
It has been several devaluations in Europe the last 40 years and they were done at proper timing. The only country who had severe problems, was Italy. US will be a bit harder, because the postponements, but hopefully have the competence to do it right. Yes, the rich will try to protect themselves and that is one of the reasons to the current US problems. It is no external threats to the US dollar, it is internal mismanagement. Hakan At 19:14 30/05/2006, you wrote: >Hakan Falk wrote: > > >Mike, > > > >About your house and mortgage. Your house will go up in value after a > >devaluation and your mortgage will go down in value. In this case you > >will win, some time after the devaluation, when things improve. It > >will improve, because that is the whole purpose of the devaluation > >anyway and property is a safer investment. > > > >Hakan > > > > > > I remember hyperinflation in Brasil during the 1970's. For the >price of a refrigerator one week, you could buy a 6 pack of Guarana the >next! Banks raised their interest rates to compensate, mortgage >payments rose and people whose incomes couldn't keep pace founnd their >ability to sustain a living continually eroded. The rich will ALWAYS >protect themselves. > > It's the rest of us who will suffer. > >robert luis rabello >"The Edge of Justice" >Adventure for Your Mind >http://www.newadventure.ca > >Ranger Supercharger Project Page >http://www.members.shaw.ca/rabello/ _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
