litespeed Posted February 28, 2009 Report Posted February 28, 2009 PS - My agressive approach to posting has been sanctioned and I have been given 3 points. I wish to respond. Clearly I am of a generation that has more calouses and thicker skin then the current one. Probably my generation is sort of intermediat in this respect between the WWII generation and now. Specifically, the entire planet has been at a sort of optimum since the mid 1970s. For instance, let me compare three wars.1) The D-Day landing had more casualties in a single day then the entire Iraq war, I think. 2) When I was DRAFTED and served in Vietnam, we accrued as many as 500 deaths in a single week, 50,000 total. About TEN times Iraq. 3) I suspect the total deaths per 100,000 soldiers in Iraq, is not much different then the total deaths per 100,000 in stateside deployment. Not one draftee among them. And we actually seem to have WON the war in Iraq. Finally, I must point out my agressive style has very much brought out the best in some of my opponents. I LIKE that. Ban me if I hurt your feelings....Did I make you cry? Quote
litespeed Posted February 28, 2009 Author Report Posted February 28, 2009 I will sign off after this off topic observation: I think the current generations are about to be toughened up a bit. Specifically, I predict the Chinese will get skitish after buying one or two trillion dollars of US Treasury bonds to fund the current new deal, and will then demand a LOT more yield. At that point there is one and only one alternative. Its been used for centuries to reduce debt: massive inflation to reduce the actual value of the debt. I think we will see 20% a year within 5 years. Most of our posters here may not even been alive during and shortly after the Carter Years. My first mortgage was 14%. And that was just a RECESSION. Ah...The good old days! Quote
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