Generational Dynamics Forum - New Site

In conclusion: Bush sucks. Can I have my Nobel prize in economics now? Not a fan of Bush myself, but that ending made the rest of what you wrote meaningless as your digression into juvenility makes me doubt the sincerity of anything else you've proffered. This is something of a running gag on Gener...

What do you mean by currency collapse? I contend that the PIIGS will fail, and the Euro will deflate significantly. The more member nations that fail, the stronger it gets. How can it be any other way? Nothing will be able to replace it. Once the major banks realize this, the US dollar and treasurie...

Higgenbotham wrote:... Bernanke had to get clued in by some hedge fund managers that there really was a serious problem.

Okay, now I'm legitimately scared, and somewhat amazed that we've made it thus far.

One difference between the relationship of Germany , Greece and the EU and that of the US States is that the EU treaty specifically prohibits one nation state from bailing out another nation state. The euro is a multilateral fiat from an independent central bank. I would say that the above and othe...

In the Weimar example, Germany was required to pay annual reparations to France and other countries. Those reparation amounts were denominated in marks, and so they could be paid simply by printing more marks, thus creating hyperinflation. This is not true (http://en.wikipedia.org/wiki/London_ultim...

Even if the credit market deflation dwarfs the debt, won't that turn the other direction as soon as the supply of dollars exceeds demand? The FOMC can easily multiply the monetary base with these deficits, not to mention private treasury sales and dollar repatriation. In fact, I'd almost say that t...

Dear John, > However, Bernanke is finally admitting to two things which > together describe a fatal condition: > 1. The debt levels are unsustainable > 2. The fed can't inflate out of the problem This is exactly right. The US will default, but that won't have anything to do with dollar inflation. T...

John, I'm still puzzled by your position on dollar deflation. Clearly the global trend will be 'secular' deflation, however you can define that, perhaps in terms of an imaginary commodity with zero elasticity of supply and demand and zero contango. Unfortunately the dollar does not meet this conditi...

Sorry for not being attentive to this forum any longer. Here's a quick update on the DJIA corrected for monetary base inflation. If you don't understand why this is important, I'm sorry, but I'm not going to explain it again right now. As you can see, investment of available capital continues to sin...

How would you explain the existence of highly successful Gen-X businesses like Google ? . Google IS full-fledged nihilism; although perhaps only the 'good' parts of it. By that I mean that Google will eventually destroy every major newspaper, magazine, television station and who knows what else. "D...