Inflation or default?

[Old Greg]

Well it won't be simple, only because it will reveal what an absolute state the country is in though. There will be no hiding it with inflation or ridiculous interest rates.

So how did clinging to the Glad Standard work out in the '30s?

[SantaClaus]

Who knows?

No-one on here, that's for sure!

[Robinho]

So how did clinging to the Glad Standard work out in the '30s?

They didn't cling onto the gold standard. They left it in 1933 and FDR embarked on a huge Keynesian binge causing a depression and the world is doing the very same thing today.

[petergriffin]

They didn't cling onto the gold standard. They left it in 1933 and FDR embarked on a huge Keynesian binge causing a depression and the world is doing the very same thing today.

Yes and no. They left the gold standard for the silver standard, which is probably healthier than the gold standard. Then they introduced the Glass Steagall Act in 1933 which was partially repealed in 1999 and that's where we are now!

[petergriffin]

Inflation.

No chance you're going to see any inflation for the next 20 years.

[DodgyAccountant]

If you have savings, what IS traditionally the right thing to do with your money when inflation is high relative to interest rates?

Precious metals.

[BrilloPad]

No chance you're going to see any inflation for the next 20 years.

I beg to differ. Lets come back in 20 years and see who is right.

I aim to have 300,000 posts by then......