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To: mewzilla

At some point, “no more money” means no more money.

We do have a completely fiat, printed, centrally-planned monetary system - so there’s always money printing.

What I can envision is government deficits of $2-3 Trillion or more (we got to $1 Trillion without hardly a peep from the markets) comprised of monetized Fed.gov bonds and Quantitative Easing. This money will be used to “bail out” insolvent pension funds and States with vague promises of reform.


14 posted on 04/04/2018 2:58:04 PM PDT by PGR88
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To: PGR88

In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: “If you don’t work you die.”


31 posted on 04/04/2018 3:41:28 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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