Re: Expert warns of "dangerous bubble" in gold coin market

oly wrote:
On Feb 21, 10:55 am, "mazorj" <maz...@xxxxxxxxxxx> wrote:
"oly" <oly2...@xxxxxxx> wrote in message

news:3e8e05b8-0fda-416b-b05b-35527480e63c@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

...> My wife and her family won't eat leftovers, won't stop shopping
at
the

full price retail mall, still eat lots of meals at the chain
restaurants, and no hand me down clothes. The source of their
personal wealth has declined in market value by 50% since January 1,
2008. They are examples of the many many people who are going to go
through the ringer, psychologically.

Sure. But unless you already have more money than you and your
children can spend in a lifetime, that behavior is fairly foolish
regardless of economic conditions.

< Let me see if I can find some historical anecdotes about
disproptionate barter during the Weimar period.

Aargh! Please, no more Weimar! You've beaten that one into the
ground. We get it. How about some other, more relevant analogies?

Weimar is very very relevant to our present situation. Many Americans
have considerable German blood and heritage. While my surname is
Swedish, my descent would be 50% or more German.

Germany had just lost a war of attrition. America is losing two wars
of attrition and we may be drug into a third hot war by one of our
allies at any moment.

Germany was highly orderly with a long tradition of strong civil
obedience to a central government. Ditto for America.

But as Mr. Soros said, the more recent Soviet collapse is relevant.
Go read Dmitry Orlov's writings. I think they are thoughtful stuff.
He's been making his views known for over a decade. His views are
consistent. He's all over the internet.

His views might be summed up in the first article on this page:

http://lifeaftertheoilcrash.net/IndividualItemPages/PostOilBulletinIssueNumberTwo.html

James


.

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