Debt deflation is a funny animal folks here will write sonnets...

Debt deflation is a funny animal folks here will write sonnets about inflation and fiat currency yet they are the first to measure gold in the terms of the currency they despise

most here dont even bother to measure gold in their own AUD currency, its about USD, when in fact most of us have nothing to do with USD

folks talk about the miseries and corruption of fiat and reflect on gold as if its noble metal, when if you really do read about the history of gold, its probably caused more violence, death and war than any commodity.

This is because folks like to have a single answer, they want the ultimate solution, whether its 42, religion or gold its pretty much the same thing........gold is real money, its been money for 5000 years, it keeps governments honest etc etc etc

Where as in reality its got as checked history as fiat money, folks talk about paper bugs and gold bugs, the reality is both are about obsession and mental fixation. Gold ruined the Spaniards when they found in the America's, it was the cause of great crisis of history, so has fiat they are kind of opposite sides of the same coin, gold is about the most destructive metal that exists, gold mining pollution disasters are incredibly destructive, if gold is the best we can come up with as our savior we better have a very good look at ourselves and our values

http://www.thefreelibrary.com/Gold+leaves+toxic+trail+in+Europe%27s+rivers-a065241670

poorly trained economists everywhere predicting the worst is over the lows are in , this is a complete joke I hope folk remember who they were when we crash again

Australian universities train folks in Keynesian Neo Classic economic which is the source of what go us here, Neo Classical pays no attention to debt levels of asset inflation, as long as people are borrowing everything's fine.

The thing to note is we are in a credit economy not a fiat one, the central banks can print as much money as they want but if folks cant afford or dont want to borrow it, it cant get into the system to cause inflation

First home buyers grant is Australia's sub prime subsidized housing for the masses, watch what happens when we enter a housing crash

In the US Alt A mortgage tsunami is nearly upon us, Alt A is much bigger and more destructive than subprime, this will tear the heart out of any recovery

http://www.doctorhousingbubble.com/financing-the-flipping-dream-alt-a-mortgages-and-california-mortgage-equity-giants-number-one-alt-a-owner-occupied-state-is-california-say-what-alt-a-and-pay-option-arms-fueled-out-of-state-bu/

housing in the US to fall by another 15% (Australia 20-30% or worse). Why is that folk think that housing in Australia is different to every country in the world? why is it that folk complain when milk rises in prices but are happy when their housing goes up?

There is a fight on between Muni's cutting off social services and Obama adding them and Obama is losing the spending race, the stimulus nonsense is merely propaganda, you cannot fix a $40T debt problem with a $2T stimulus package

Obama has totally sold out working class Americans he has looted taxpayers to pay off rich bankers and their losses

A lot of what Obama spreads around will be sucked up by this MUNI and Alt A collapse

USD has bottomed folks who forecast the fall of the USD should have a good look at the alternatives, there are none

Euro? Yen? Stirling? and the Yuan has not chance........in fact I am not sure there is a role fo a global currency, certainly I have some good contacts in Irish treasury dept and the not having a strong national currency is a major frustration

We are in crack up recession that will hit Europe harder than the US.......thats the rub the US isnt as bad as others and there are more USD , money is still flooding back to USD to retire dollar denominated

US commentators generally forgot how damn worse things are in other countries this heading for a world wide deflationary depression.

Tracking the actual stimulus dollars in all countries proves that stimulus on this scale is a shot gun approach that often fails to stimulate the right segments,

The Chinese spending 600B on production is like gasoline into the equation what happens if the world doesn't buy the production?

Kapboom?

Gold has topped it with everything else is poised to collapse

There is another hurricane coming and its bigger than the first one.

Volker will be up in the attic looking ar every old regulation he can pull down to control the downside of a deflation

Asset , Price, Labor , Capital controls

Australian unemployment will go to around 12%

Oil is just about topped before it heads down again

AUD has topped

Rudd could go the way of Whitlam hes blown all the spending to early

Australia needs to retire the current mob of pretend economists and needs to sack the board of the RBA

Yes timing is for the birds non the less I give gold 3 months before it crashes

I sold all mine last week :) yes at one stage I was an inflationist now its time to be a deflationist