For your information, we have lost $4 to $6 trillion dollars in housing wealth (yes, mainly fictitious, but gone none-the-less) in just the last year and another $4 trillion lost in the stock market.
And with that kind of capital/debt destruction, you are telling me that $700 billion in monetization is taking us Weimar? What the hell are you smoking?
>> yes, mainly fictitious, but gone none-the-less
I see. “Fake but accurate”.
...is that you, Dan?
"And with that kind of capital/debt destruction, you are telling me that $700 billion in monetization is taking us Weimar? What the hell are you smoking?"
Mr. Stockman is quoted as saying:"None of us really understands what's going on with all these numbers,"
Of course, Mr. Stockman was drunk and in the company of a reporter at the time he said this...