Comments on: Is devaluation the only road out?

By: Joe

Joe — Mon, 03 Nov 2008 11:04:44 +0000

Actually massive inflation – or currency devaluation will help the US not default.

If we get 15% inflation, treasury bonds will become worthless, so people will sell long term notes at 50c on the dollar just to get them off the balance sheet.

By: Joe

Joe — Mon, 03 Nov 2008 10:04:44 +0000

Actually massive inflation – or currency devaluation will help the US not default.

If we get 15% inflation, treasury bonds will become worthless, so people will sell long term notes at 50c on the dollar just to get them off the balance sheet.

By: Podchef (Neal Foley)

Podchef (Neal Foley) — Fri, 31 Oct 2008 00:23:51 +0000

Getting pissed off trying to post this: http://tinyurl.com/5qfh4q to facebook