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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Stock futures down across the world. Is the collapse about to begin?
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Poster Handle
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Anonymous Coward |
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Post Content
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High DJIA means INFLATION. High gold means INFLATION.
We are ripe for a contraction - deflation - which would normally good for people, but the Banksters have skillfully engineered the situation to be bad for people and good for Banksters.
I whole-heartedly welcome a massive, massive HUGE contraction because I have planned for it.
But, if you have a mortgage, you are way, way screwed.
The Stock market is DESIGNED to erase excess fiat from the supply. Gold was ALSO used - in this cycle - to erase capital.
The USD will once again become the reserve currency when this cycle is over, but it's going to hurt.
Quoting: Anonymous Coward 34888884 why having a mortgage is screwed? since the number is fixed, you borrowed $300k to buy a house, when dollar depreciates massively, you make $300k in a month to pay it back. why is that bad? after WWII a japanese bank employee makes 1000 yen per month. Now 1000 Yen can't even get you a decent bowl of noodle. If you borrowed 1000 yen before the collapse, pay it back after the collapse, I think that's a good deal, no? 
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