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  • Keiser: US Dollar 'Backed by Bananas' [View article]
    Guy, he's exactly right. That's the only way you can get the "value" of the real estate in nominal dollars up, to cover these losses. You do that by issuing more debt and dollars. That will, imo, drive up interest rates on thelong end, b/c investors will need to be compensated for the inflation cost. The correct portfolio positioning is:

    Long GLD
    Long TBT, PST

    In a few years we'll be clipping coupons at 15%.
    Sep 22 13:49 pm |Rating: 0 0
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