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Silver Wheaton Corp. Message Board

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  • moses_on_wall_street moses_on_wall_street Feb 4, 2013 3:12 PM Flag

    We all probably agree there's currency war being waged. We all probably agree spending is out of control

    To bring all this madness to a screeching halt will require either America to default or China to back the Yuan with gold. Of course the second would precipitate the first.

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    • That's why all this madness will continue.
      Not one (in our lifetime) of the major trade partners is defaulting.
      And they are not likely backing their currency (officially) with AU.
      It'll be more of the same for a loooong time.
      And, the same means, no inflation affecting pencils. Only impact is on food and energy,roughy 40% or more of your paycheck. $50 veal chops. $1,000 Christmas trees. $10 coffee.And a movie night out with wifey, a large coke and popcorn, about $60.
      BTW, frozen Absolut wasn't bad.

      • 1 Reply to cmegladon
      • Defaulting does nothing to fix the structural problem which is spending roughly $100 billion more than we tax on a monthly basis. If we defaulted on the entire debt subject to the congressional limit, we would be in the same sorry condition in 16 years extrapolated linearly and probably a shorter time given the irresponsible proposals put forth by our untrustworthy politicians and Federal Reserve. Then what, default again?

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