Christopher Deal

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    • Sat Mar 15th 14:22 PM | Rating: 0 0
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      Should Oil Be Trading at $60 or $150?
      I have decided to believe that the Fed is deliberately causing inflation. Who benefits? Debtors. Who are the debtors? The US treasury and people holding mortgages. The Chinese are holding over one trillion dollars of our notes and we will pay them back with dollars worth much less. How much less? It'll be fun to watch and see.
      The home buyers mortgages will also get easier on their budget as wages rise to compensate for inflation. A couple three years from now, after the ARMs have been shook out, the price of homes should stabilize and even start rising...at the inflation rate, which could be between 10 to 15%. (numbers pulled outta my ear).
      So, deliberate inflation helps the housing crisis and reduces the value of the nations debt. We did it to the Europeans and Japanese in the '70s and we're doing it to the world again today.
      The wonders of a fiat currency.
      We should be ashamed of the Fed, but hey, what are we gonna do about it? Let's make some money. I'm heavily into DGP.
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