Sinch's most WRONG statement....yet....I sure there will be more once I get him playing Full Tilt
December 22, 2008
– Comments (4)
Sinch,
Let's get some ground rules out of the way...I have profound respect for your blog and feel you play the game with honor and character....and in no way view you wimpy ala FloridaBuilder. I have no desire to have you quit as well as it will be a greater loss to CAPs, and to me, then the significant benefits I gain from our debate. I am a selfish individual and I benefit from your blog and debate....much more than you can imagine. But if you want to play against me, and since I view you as competent.....full speed is my only speed and will maximize the benefit to each of us and the other CAPs members as well.
It is the same way I litigated and at the end of the day, I enjoyed drinks the most with those that provided the greatest challenge. It is much more enjoyable to have a drink with someone you respect and like than someone you just like. As long as this is acceptable, get ready to have your backside kicked.
A dollar may buy you more house or car today than it did last year, but that has little significance in an environment in which banks are hoarding capital and consumers have nothing left to consume with. The worse our economy gets, the greater the certainty of hyperinflation replacing this momentary deflationary phase as it becomes increasingly clear that we cannot repay the trillions of dollars recently added to our national debt and foreign holders of USD flea the currency as a result.
Sinch,
This is utter nonsense. The fact that banks are hoarding capital adds greater weight to my argument. The worse the economy gets.....the greater the certainty for hyperinflation???? I don't know how they are treating the water in Alexandria these days.....but you may want to look into it. You are confusing private debt with national debt. Private debt is fuched. National debt(which is much lower than private debt)......there are few countries in the world with a balance sheet as strong as the USA(you know...assets minus liablities).....as soon as America repudiates its entitlement obligations to its people because it simply can't afford to pay.
It will first start with job losses and wage cuts. Then additional cutbacks in services. Then impairments to Social Security and Medicare. America is still rich in natural resources ripe for export.
And as far as foreigners fleeing our currency....where do you think they are going to go??? Russia, Greece, Argentina, Iceland, England, Spain, Italy.......I love the world, mostly for its women....not the currencies. If you are going to give me currency.....USA all the way.
It is not that you are wrong about your inflation argument......simply early....and it will be on a global scale with the US in one of the best positions.
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