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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 11/07/2009 : 20:54:40
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Here are some of my reasons for believing that we might be heading up, not down. My belief is that is that it will most likely be caused by the massive infusion of worldwide bailouts, and by the recoveries of some of the world economies. I don't know how it may eventually play out, but it appears as though we are going to have an incredible inflationary binge, especially manifested in commodities.
"At a recent breakfast, John Paulson, the most successful speculator of the last 20 years, explained exactly how the great inflation will come to pass. Says Paulson: The banks will resume regular lending - thereby releasing all of the excess money supply into the system - within six to 24 months. Two or three years after that, we will see 12% annual inflation.
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Chuck Sees Stocks, Gold Surging Higher
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