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Comment by Powell Gammill
Entered on:

The only way to save yourself from a horribly over indebted credit card is to keep charging on it.   After all, if you don't keep charging the credit card company makes no profit and would go out of business.  So by your ever increasing your debt burden you are saving the credit card companies from ruin.  Don't think about the coming day when you can no longer even afford to meet an interest payment, let alone a minimum payment.  Just keep charging!  Does that about sum it up Stephen?


Comment by GrandPoobah
Entered on:

-- as a result, stock and commodity prices are fading; "bonds could be topping out;"  

Now can someone explain exactly how the first statement above can be reconciled with the following statements?  Silly me, I always thought that inflation meant a rise in prices --- especially the basics like ... you know ... commodity prices.

(9) from September 2008 - March 2010, the Fed increased the "monetary base from $850 billion to $2.1 trillion - a 250% increase in 18 months;"

(10) so far, despite massive money-creation, interest rates remain artificially low, but only for so long; and

(11) the US dollar lost nearly 10% of its value in the past 12 months alone, greater erosion ahead because of destructive monetary policy. 

 

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