tag:blogger.com,1999:blog-4921988708619968880.post1184936135901082862..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, April 12 2008: A hundred daysIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4921988708619968880.post-15325001271222722752008-04-12T23:21:00.000-04:002008-04-12T23:21:00.000-04:00My understanding of Schiff's position on inflation...My understanding of Schiff's position on inflation is that it would apply to commodities and tradable goods. Even under high rates of inflation he still expects asset prices to fall. Only under extreme hyperinflation would asset prices reverse upwards.<BR/><BR/>For what it's worth he's also big on decoupling with the US being the caboose as opposed to the engine of the global economy. The key to yoyomohttps://www.blogger.com/profile/06357340275250708990noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-14251010534735070972008-04-12T19:12:00.000-04:002008-04-12T19:12:00.000-04:00Anon cheers,Sure, the Fed talks to China and Japan...Anon cheers,<BR/><BR/>Sure, the Fed talks to China and Japan, but they won't trust them, so what's the use?<BR/><BR/>I don't really know why people keep assuming that China depends on the US economy, and will try to keep some kind of status quo in trade. China's economy is blowing up with all those dollars flowing in. That is something they know very well, and they have prepared their next steps,Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77594919322640559492008-04-12T18:48:00.000-04:002008-04-12T18:48:00.000-04:00I've been daydreaming, running away to paradise! O...I've been daydreaming, running away to paradise! On a site about life in Panama I learned the currency is US dollars and dollars are tanking. I wonder what that will do to Panama's current economy? One blogger says the hits on his site have trebled since Bear Stearn. Guess I'm not alone in wanting to find a hiding place.Many of their resident expats are from Britain with sterling losing value as scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33443873442719655492008-04-12T17:28:00.000-04:002008-04-12T17:28:00.000-04:00Super390,I agree that deflation is much harder on ...Super390,<BR/><BR/>I agree that deflation is much harder on the poor (and in fact on almost everyone) than inflation. I also agree that reducing the masses to disenfranchised abject poverty, as I would argue is about to happen, serves a purpose for a small and detached elite. <BR/><BR/>Freedom for the masses serves a purpose only for so long as it is possible for elites to make more money by Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89278706296313959012008-04-12T17:03:00.000-04:002008-04-12T17:03:00.000-04:00The difference between Germany's early '20s hyperi...The difference between Germany's early '20s hyperinflation and its early '30s hyperdepression is that the latter led to the election of Adolf Hitler, not the former. Basically, deflations are harder on the poor than inflations, which every right-winger on the internet refuses to acknowledge because they want the poor deflated into peonage and disenfranchised. Many of these guys want to revoke super390https://www.blogger.com/profile/08898551733899860020noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-13580211042449137912008-04-12T16:55:00.000-04:002008-04-12T16:55:00.000-04:00This is a niave comment/question about the Market...This is a niave comment/question about the Market-ticker article you linked to, however, here it is:<BR/><BR/>Denninger on Market-Ticker writes about the dangerous possiblilty that buyers of our government debt will stop buying because of the amount of debt we have, lower interest rates, etc. I can't help but wonder, though, whether Paulson, Bernanke, and others in the government are in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-35451929448253787192008-04-12T16:25:00.000-04:002008-04-12T16:25:00.000-04:00I disagree with Peter Schiff that hyperinflation w...I disagree with Peter Schiff that hyperinflation would have been possible at the time of the Great Depression, just as as I disagree with him that it is possible now. However, currency hyperinflation is possible following the credit deflation I believe is inevitable. That didn't happen after the Great Depression, but I think it may well this time, giving us the worst of both worlds.<BR/><BR/>My Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-42813021167442152522008-04-12T15:03:00.000-04:002008-04-12T15:03:00.000-04:00biologist,I didn't write that, Peter Schiff did. S...biologist,<BR/><BR/>I didn't write that, Peter Schiff did. Still, I would agree with him that following the Weimar Republic example might have added some pain in America.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41296343177122313722008-04-12T14:39:00.000-04:002008-04-12T14:39:00.000-04:00You wrote that, as bad as the great depression was...You wrote that, as bad as the great depression was, hyperinflation would have made it worse. This is not true, because in a hyperinflationary environment, all debt is basically cancelled. Only real estate and producing assets remain. Therefore, for example, farms are not foreclosed, the farmer just fills a truck with bank notes and dumps the stuff in the backyard of the bank. In the deflationary biologisthttps://www.blogger.com/profile/15991530204310230290noreply@blogger.com