tag:blogger.com,1999:blog-3758330678390419129.post4374743403067092075..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A Traumatic August Crisis in Italy and Spain and a Future Potential Great Explosion?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3758330678390419129.post-50598919397245375432011-08-08T11:17:50.630-04:002011-08-08T11:17:50.630-04:00The 'boom' has happened, in commodities an...The 'boom' has happened, in commodities and emerging/2nd tier(Korea, Brazil, etc) economies<br />and markets, and is now ending.<br /> The Fed printed, using the existing methodologies of the times, steadily in 1930-33<br />and it simply didn't matter-monet(and credit) was vaporized.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69195481196997007572011-08-02T15:48:31.989-04:002011-08-02T15:48:31.989-04:00it is funny that may people equate the gold standa...it is funny that may people equate the gold standard to this line "a destructive fixed exchange system" which when viewed from the libertarian perspective is just another government controlled monetary system. When gold is left to float and be a truly free market5 for the commodity problems rarely arise yet even with something as good as gold when government controls are applied the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85124538036687719702011-08-02T15:40:12.046-04:002011-08-02T15:40:12.046-04:00The entire Human race is broke, save that no one h...The entire Human race is broke, save that no one has the guts to say so aloud.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54905216777899945312011-08-02T13:27:22.386-04:002011-08-02T13:27:22.386-04:00Well done sir.
Incisive, informative and instinct...Well done sir.<br /><br />Incisive, informative and instinctive.<br /><br />Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-820682944349514432011-08-02T13:09:41.312-04:002011-08-02T13:09:41.312-04:00Here is what I expect to happen. I think Gold will...Here is what I expect to happen. I think Gold will be placed on a limited sell order basis world wide by all the governments involved(Europe and the USA). The governments will close the marketplace. Which means a collapse of the Gold market. I predict the same governments will confiscate all gold from any private citizen holding gold. The possible exception being jewelry. These governments Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21077567572495682672011-08-02T13:02:42.334-04:002011-08-02T13:02:42.334-04:00"Debts that cannot be repaid, won't."..."Debts that cannot be repaid, won't."<br /><br />Not so, all debts are repaid. The question is who will pay.<br /><br />I do wonder how much longer the German people will stand for all this nonsense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4673484503541998542011-08-02T02:00:11.759-04:002011-08-02T02:00:11.759-04:00Yes that past will be repeated over and over.Get r...Yes that past will be repeated over and over.Get ready to find out where the rubber meets the road.Debts that cannot be repaid,won't.<br /><br />Buy hard assets and you will fair better than most.It will be hard to figure out how ugly this is going to end up.The bottom if this mess is sure to shock even the person thinking of the worst case scenario .<br />Anonymousnoreply@blogger.com