levkingThe key difference between what is happening now and what...

levking

The key difference between what is happening now and what happened in the 30's is pretty simple. Roosevelt demanded to see the banks books before they were deemed either liquid or illiquid. Paulson has not done this and his mate in the Helicopter is prepared to continue the consumers blind almost hyponotic enchantment with credit.

The only bank in the US that went down were Lehmann Brothers.

Now if anyone is going to buy this deflation argument, ok well it should have some similarities to the 1930's and massive credit expansion in the 20's that preceded it. But remember both sides of the US congress have done nothing when it comes to auditing these banks and theyre ionspheric indebtedness.

But since there has been no survival of the fitness and no process of regulation to determine natural selection. Then, Im sorry but Im think this will result in either inflation or even worse stagflation.
The deflation has already run its course, the US FED bought all of those defalted price houses with crappy mortgages.

This cannot be compared to the Great Depression, this should be documented in the annals of history as the Great Deception. And since the US President did nothing to determine the weak and strong but give the wall st more cash, buy more crappy assests, inflation will not be going away for a while.

I think goldbugs on this thread should start talking about how we can actively start shorting US 10 year and 30 Year T-Bills. Give a few months, we'll wait for the key reversal and back on the real money. IMHO

What do you guys think?
Are they crooks? Ask the FBI(For Bankers Immunity)

As always DYOR