Timmothy Posey

U.S. Debt Default, Dollar Collapse Altogether Likely

Inflation is the answer. The gov't can print its way to prosperity and eliminate the debt with inflation. For example. If they owe $10T today, they can just run the printing presses wide open for the next year or so and print up $10T and hand it back out.

The beauty of a fiat currency is that once you have the world believing that the paper is worth something, then everybody puts their faith in it. You can then create this additional paper on-demand using print manufacturing to enrich yourselves, but deflating the wealth of others. When push comes to shove, the U.S. will enrich themselves at the expense of screwing over China, Japan, Saudi Arabia and any other country with large hoards of our paper currency.

How the Treasury Bubble Will Burst and Why

Any first year MBA student can tell you that Treasuries are overpriced and will deflate at some point in time. The real point is WHEN. It could be 3+ years since the Fed is buying Treasury bills, or it could be in 3 days.

None of us knows. And this goldbug guy is ludacris. He favors buying Gold ETF, but you can't take physical delivery of that. So in the doomsday scenario, it will profit you none to have an investment in an ETF with no real physical assets.

The article is like saying if you're in a drought, it will eventually rain. There's no doubt about that, but tell us when!

Looking for Opportunities in an Irrational Market Place

More chicken little "The Sky is Falling Due to Kondratieff Cycle" F.U.D.