And when interest rates rise what happens then?
Where do you get the funds to pay the higher interest due.?
What happens to your tax base when you destroy consumption?
I always thought that rising interest rates was a reaction to high inflation.
The party is over, and the value, and I mean value of any commodity is based on what it commands in relation to other goods and services.
And lets not forget that the USD is a debt commodity instrument.
It certainly isn't money.
It is, simply phrased ...
A promise that it has value and is tradable for commodities/goods/services.
Is there an over supply of USD's world wide?
How did that happen?
Could it be to pay for interst on debt, and supplying goods and services through social programmes?
They have no choice but to throw in the towel - it's NOT working.
The damage has been done and all they have left is that they promise that things are about to get better.
We got nothin left in the tank.
New plan ....
Hey, why don't we just tell them that we will be good for it.
That will be some time.
So could it be that soy beans are becoming more valuable then debt debased fiat money?
Your arguements are interesting but the damage is done.
Inflation deflation, the FED and the banksters don't care.
Business will be good for them under either scenario.
The banks already own the USA, Europe - most of the Western world.
May I make a suggestion, there is an opening coming up at the Treausury and one at the FED real soon ... You should apply.
I think I would rather have You in charge vs Good ole Jammie.
The value of SLW will hold, the model is sound.
And what it is priced in dollar terns is the least of my worries.