Quote Originally Posted by Dachsie View Post
I get the idea that a reset is something that happens instead of a "collapse" and that it is something different than a "collapse."

I deduce that a "reset" has something to do with just wiping all the derivatives debt off the books somehow, sort of like declaring a year of Jubilee, and starting over again, ...
Quote Originally Posted by Sparky View Post
There will be no re-set, because re-sets are noticeable and unnecessary. That's what inflation is for. Simply erode the currency by 1-5% per year forever.
I agree that major creditors will never agree to having their assets wiped clean, so a reset by government decree won't happen.

You sound like you think J.M. Keynes was reasonable. Spend like a drunk and inflate your debt away. No problem.


BTW, kind of in response to my own original question, I am shocked by the attitude of Teeka Tiwari. I think he has a great deal of wisdom and insight into the markets, but he predicts that the next decade or so will be a bull market. He's worked out something he calls "The New Golden Ratio" having to do with a ratio of age groups. Looking backwards in history it seems to be a perfect indicator of the market. I'm impressed by it.

But OTOH, all the "nails in the coffin" of the dollar which Mike Maloney lines up in his bonus presentation at Hidden Secrets of Money make me fear Teeka's boat is going to be swamped by the backwash when the economy's engine sputters.