[BfloGuy]

That would limit inflation and they NEED inflation to decrease the cost of the debt.

Yup. And they will lie through their teeth to convince us that it's good for us. Never mind about the bit that each American pays for that inflation through lost buying power.

Last year, Kim Jong-Il revalued the North Korean currency to 1/10 it's previous worth and forced his citizens to redeem their old money for the new. He effectively confiscated 90% of their savings.

The Fed's policies are doing exactly the same to us -- just at a slower rate and without all the drama.

[Disambiguator]

Last year, Kim Jong-Il revalued the North Korean currency to 1/10 it's previous worth and forced his citizens to redeem their old money for the new. He effectively confiscated 90% of their savings.

The Fed's policies are doing exactly the same to us -- just at a slower rate and without all the drama.

When the dollar is done and the new currency is introduced (The "Amero" or the "NearZero" or whatever they end up calling it), you can bet that the exchange rate will be unfavorable to us.

[CodeToad]

“Last year, Kim Jong-Il revalued the North Korean currency to 1/10 it’s previous worth and forced his citizens to redeem their old money for the new. He effectively confiscated 90% of their savings.

The Fed’s policies are doing exactly the same to us — just at a slower rate and without all the drama.
“

Excellent point! I didn’t know that about NK.