Simpsons

[bduke]

Hey Parsley.... Your savings accounts, term deposits
and GIC's must be itching for some serious
returns!.. lol

You seem to have been inflicted with the travel
bug, and your maintenance costs are probably
increasing faster than organic prices!!

Obviously Bernanke, Geithner, and Summers ...
indeed even Carney... don't have your trust and
confidence!... lol BTW... you are not alone!

I don't see consumer demands causing inflation to
such an extreme that 24% interest will be needed
within 4 or 5 quarters.... perhaps you do.

However, you must think that the the Chinese and
the Japanese will be baling out of US treasuries,
causing such high rates to finance Uncle Sam's
debt. I do expect the $USD to devalue.

What if they invest some of their excess money in
Canada? Our dollar should be supported by our
resources and perhaps a trade surplus.

BTW .... with China growing at "only 7% to 9%, it is
accumulating a lot of foreign money with its trade
surplus.... and it has again "effectively" pegged its
yuan to the $USD.... another reason it maintains
over 760 billion $USD. It depends on a lower value
currency to maintain export growth.

So... for you to get 24%: our country will most likely
need to have a dollar weaker than I would expect.

Canada will need a Liberal Gov't....

Ontario will have to remain severely depressed...

Commodity prices will be kept down... by
regulation or demand destruction...

Our tax rates will need to rise ... and our tax base
decrease.... Cap and Trade will be hurtful to the
West.... back door taxation!

There will need to be a demand for money... or the
banks won't have a spread.

So Mz. Workaholic... I will bet you 2 Euros... which,
btw, I have... that by October 2011 you will be
receiving less than 12% interest on your stash of
cash!!!

Actually Parsley... Your winning this bet would be
OK for me... but tough on our Country....Bill

[parsley]

You will have to dig up some of those old Nabob coffee cans. Are they rusty?

I have Euros. But $1.00 bet only. Lack of restraint only causes grief, so $1.00, take it or leave it.

[bduke]

Parsley... you must be tired also... I have 5 quarters
being Oct. 2011.... should be 2010!

So ... not over 12% by Oct 2010,,,,,

I will take your bet.... you will likely win as I am not
thinking clearly tonight.... barley bins... not brewed!

LOL... Bill

[parsley]

You're already a year out on your bet- dates, and already fudging the adjustment. Make up your damn mind. lol

2010 it is.

I almost never tell jokes and rarely bet, but I do enjoy a dish of crow every now and again. (I've had more than my fill this year, btw.)

I should have said I will pay in krona, but the Euro terms are already on the table, so I cannot reneg. Done. Pars.

[cottonpicken]

Your fiester than normal pars,i am not so hyde stays in the bottle.


I wouldnt touch a euro with a ten foot pole,extremely flawed-it may appreciate against the dollar but will depreciate against tangibles.

Interest rates should already be rocketing up,but when the tresury shows up to buy bonds guess what-yeilds are kept artifficially down.

This is the term "quantitaive easing".

And guess who is the number one unloader of us debt rescently-and this surprised me.

Canada-hurray! somebody has a brain in the land of the bizzare!

[parsley]

Feisty? Yup. Good thing somebody is. LOL. My question was probably overdue, and whistled over your head,cott. The Euros are only for my spending money, not investment. Pars

[cottonpicken]

Bduke,you are not right.

The path we are going down is going to be a hellava ride.

The usdx is going to crash.

In fact it already did and nobody noticed.

It has lost over 95% of its value.I'll forgive for not knowing-not many people learn economic historie.

Its going to get worse-much worse.

The debt is being monetized.i know most dont understand the implications of this,even the people who write about it-like ed white who is wrapped up in "the accent of money"crap.

[parsley]

cott, imho, there will be shortages in the stores because they won't be able to pay cash for stock orders. Canada doesn't manufacture very much, either. Keep some groceries on hand. Paper towels. Toilet paper. Cigars. Diapers.

And some cash. Even if it is devalued.

Pars

[checking]

Hyde in a diaper smoking a cigar. I'd pay a Euro for a copy of that! (lol)

[parsley]

ou're smart. Rethink it.