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Old 02-05-2016, 10:08 AM
Beach Bum Beach Bum is offline
Join Date: Dec 2005
Location: Currently away from an Ocean
Favorite beer: Alpha King
Posts: 1,965

I like that site. As usual some great comments to be found:

"Be aware that negative interest rates would exist in an environment where every state and local pension plan is still assuming annual returns over 7%. They’ll try taxing people to oblivion first, then it will devolve into either bankruptcy or civil war before these plans are modified to match reality. The histories to study are Detroit and Nixon’s killing what was left of the gold standard. The collapse of Japan and Illinois are the current events to follow."
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