tag:blogger.com,1999:blog-2363750719887401024.post8595830614203649648..comments2023-10-25T07:01:43.750-07:00Comments on The Daily Salt Shaker: Ron Paul Predicts a 15 Year DepressionSea Salthttp://www.blogger.com/profile/17729667460510653536noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2363750719887401024.post-59496798339101079952009-03-24T10:57:00.000-07:002009-03-24T10:57:00.000-07:00I just read this on the Daily Reckoning. I think i...I just read this on the Daily Reckoning. I think if you look at Japan and how their bailout did not work, 15 years is a reasonable conclusion. <BR/>I agree with Paul and Schiff, that you have to let bad companies and bad debts go under. It`s painful, but that is how the business cycle works.<BR/>Having the government introduce trillions in new debt is just going to pour gasoline on the fire. There is also a very real possibility of a US default. In the 1930 at least the government`s balance sheet was in the black. <BR/>Our money system has only been around since 1971. You have to wonder if it will survive its first real test.Anonymousnoreply@blogger.com