Aren't they already doing it?
FYI: There is no actual money in the Socialist Insecurity "lock-box".
I don’t know if the government is already printing. I’m not that sharp. I rely on others for such information and the hard part is finding those who know through all the noise.
For ages and ages people would claim that the government was already printing. Yet, Lee Adler at the Wall Street Examiner, was able to show that the government was removing liquidity from the system, not adding it. That is NOT printing.
I don’t know the status lately but it is a foregone conclusion that the government must print. The Treasury is broke and can’t fill the nearly $2 Trillion in commitments promised by all of these bailouts and related loans. Nobody knows the losses that Treasury will incur because the losses are long-term and not knowable at this time. There is no transparency about the actual expected losses on all the mortgage backed securities that were written.
No, the Fed was not printing as of a month or two ago. I don’t know if they are printing now or if they are not. Soon, and for a long time to come, they MUST print. It is definitely coming.
The question is, for how long, how much, and how badly will they debase the currency.
If I knew those answers, when the smoke clears I would be hosting parties for Warren Buffett and giving him investment advice.