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To: Travis McGee
We sure don't need to worry about that, Helicopter Ben knows all about printing more money!

Perhaps you can give us the goldbug cure for deflation?

41 posted on 12/01/2005 11:24:42 AM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot
The problem is not just a mathematical inflation/deflation equation, to be "cured" by jiggering interest rates and money supply. The problem is far deeper, and at this point, almost unsolveable, given our trillions of dollars of debt owed to foreigners (who do not love us like Mommy and Daddy).

Now we are riding the tiger, and when the music stops, there is going to be carnage. This is a result of unbridled creation of fiat money through an endless easy credit fiesta. The bill will come due when the foreigners stop ponying up to the bar, and America "goes Argentina."

The day of reckoning for our decades of credit binging is coming due. We will suffer the fate of EVERY NATION IN HISTORY which has climbed ever further out onto the unilmited fiat money branch.

Or perhaps (to ask you for the 20th time) you will now answer the question:

NAME ONE COUNTRY IN HISTORY WHICH HAS PRINTED ENDLESS FIAT MONEY AND GORGED ON DEBT CONSUMPTION, WHICH HAS NOT COLLAPSED IN RUIN AND TEARS.

Just one. Surely, you can name just one.

45 posted on 12/01/2005 11:36:57 AM PST by Travis McGee
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