On Sat, 17 Jan 2009 07:39:10 -0800 (PST),
wrote:
snip
What we are in for are undamped harmonic oscillations with the
original force being all that coin issued to the banks by the
government. Once the spigot is opened... watch out for the deluge.

Wolfgang
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It is impossible to tell if this is a correct analysis.

What should be apparent is that the central banks are like the
reckless [or stupid] welder that is cutting into a tank with
torch. No one knows what the tank contains, because no one wants
to make the study, but keep urging the welder on because they
want a hole in the tank (to let the money out).

It is a recipe for disaster.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).