harmlesbob,

I don't know enough of the Kondratieff theory to know whether it insists on deflation or not. It is my opinion that with the extremes in money printing going on globally we cannot have a true deflationary experience where "cash is king."

IMO The dollar will be so badly debased as to be very lucky to survive. "Cash is trash" will probably be a more appropriate slogan for what lies ahead.

The U.S. may shortly be compelled to sell those dollars for whatever they are able to get for them on the foreign exchange in order to trade with countries who are still willing to trade with them. Trades will not be done with credit. Trades will not take place in dollars. Trades will take place in the currency of the country who is willing to deal with the U.S., if conducted at all. The U.S. through Freddie and Fannie bonds has defrauded just about every nation on earth. If their treasuries bonds begin to default as a consequence of backing up all the bad debt in the world with them (as seems to be the plan), the U.S. is likely to be viewed as a leper would and be left to its own devices and problems. Let's talk some mixed theory here.

How about what is coming will be a 5th of 5 of K waves

I do agree with the idea of a long term cycle that encompasses several generations where credit gets looser and looser as the lessons of the past are forgotten by the succeding generations who know little of their grandparents childhood history.

P.