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To: i88schwartz
there's not enough currency on the face of the earth to address that

Actually, there is. Or to be more accurate, there will be. You've got a $100 trillion debt? No problem. Just print a trillion $100 bills and the problem is solved.

And I'm not being sarcastic here. The Fed's refuse to rein in spending. So hyperinflation is the only other option. And that's the choice that they'll make, sooner or later.

5 posted on 12/11/2013 8:21:18 PM PST by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: Leaning Right

Cannot print 100 trillion. In the largest US denomination we do not have enough ink or paper in the US Mint to print 55 trillion. For everyone edification, the ENTIRE WORLD GDP is 65 trillion and our debt exceeds that. We have not even discuss the US Treasury backing of Fed Reserve deals with the six large Wall Street banks and overseas banks, where we made loans or guarantee derivatives held by these banks to insure they do not collapse. Estimate add another 100 trillion to the already 100 trillion mentions by Levin. Preppers and Gold Bugs may not be so nutty after all.


12 posted on 12/11/2013 8:45:53 PM PST by Fee
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To: Leaning Right
Just print a trillion $100 bills and the problem is solved

More likely they'll print 100 trillion dollar bills.

13 posted on 12/11/2013 8:48:05 PM PST by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
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To: Leaning Right

Soon everybody will be walking around with One Million Dollar Federal Reserve Note bills in their wallets.


32 posted on 12/12/2013 3:49:46 AM PST by StormEye
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