hello everyone. i am not looking to rehash the whys of why we are in our present financial mess. i am also not really looking for others opinions of how bad it could get, my own opinions are gloomy enough as it is. i am also not interested in the blame game.
what i really want to know is your opinion on if we are going to have long term delation as in the great depression, where everything got cheap, but nobody had any money. or long term devaluation. from my reading, we owe about 13 trillion dollars, divided up between about 2 trillion in bonds to foreign central banks, and the rest in borrowing from foreigners by our government and banks. if the euro became the currency of choice and our debt was sold to buy euros, would the collapse of the dollar cause runaway inflation fpr the dollar? is this likely to happen?
is it possible that we could start with massive deflation, and then suddenly have run away inflation?
i understand that most of you folks are not financial people, but you have brains. what do you think?
i would be interested in what you think we can do to protect ourselves now. should we bury dollars, or buy gold, or both? i myself already have a place where i can grow food and raise animals. it is mortgage free. it is off grid and remote.
thanks
joe
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