Julian Robertson predicting 15-20% inflation

Quote from zdreg:

there was a time u wrote about libertarian ideas that had possibilities. try to deal with reality. otherwise obama will get all your assets,
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Never changed the original ideas....

Consumption tax only...
10% State....5% Fed....
State mandate only....
Gets rid of the advertising/lobbyist
system by default....

Eliminate legal largesse....has ruined
entrepreneurship in US....
Too high as a % of prices.....

Education....internet based...for the willing....not for monied, connected parents....

Medicine....a govt. option....must use generics...assist in training....make lots of Drs...

New Universal stock exchange...no taxes on any instruments....all price discovery must occur on this BATS model venue....information wiki based...language, currency of choice....

Banks...must be localized...know their customers...invoke Glass Steagal....


That's it....

The US...or any other country would enter its own golden age....

The US has to position itself to compete
head on with BRIC....

The above ...gets it done....


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By the way Julian R. nails it....

The wild card is the ability of the Chinese/Japanese to
buy US debt....

The real issue is....their economies may not allow for a choice....

Seemingly it is logical to wait for extreme excessiveness for LT opportunities....game never changes...

As far as day to day...the more volatility...the better....

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Would be nice if the US would elect to venture in the right direction....
 
If foreign governments were to stop buying US government debt...

Yields on US treasuries would skyrocket.

Fixed rates mortgages linked to LIBOR would become unpayable for most.

Economic growth would be negative or non existent. High inflation is very bad for growth in general.

Bubbles could develop in the commodity futures markets. Families would have a hard time keeping up with bills as pay will not rise fast enough to cover inflation.

Seniors on fixed CPI-linked SS payments would be screwed. If inflation was 20% the CPI would only register a fraction of that.

etc etc blah blah blah :)
 
Quote from the1:

This is precisely what the country should be doing. It's like a consumer getting into credit card debt. They have to scale back, save, and recover or they have to make more money. A consumer has to work a second job and is limited by the hours in the day and their stamina. The government doesn't have those constraints because they can create money from nothing but they don't have the ability to create an infinite supply of money indefinitely. There will be consequences.
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I believe countries can continue to roll over debt longer than citizens have memories.
 
so, who is buying that proposed land and other assets? The Chinese and Japanese? LOL!!! How is that better than them investing in US Govt Bonds?


Quote from Eight:

The US government has a lot of assets actually, they can sell land and buildings and raise some money.. it's been discussed by the Executive branch in the 60's-70's... maybe they could back the bonds with that stuff... It would be hilarious when they finally default though...

Inflation is a certainty in my book.. Democrats when discussing economics always get a little "deer in the headlights" micro expression before they put on their game face and start bullshi.. I mean explaining...
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