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To: TigerLikesRooster
Rogoff has it right.

No way the US and big banks can seriously expect us to spend our way out of this with an already 9.2 trillion dollar debt tag.

Seems Strauss-Kahn is shilling for the further devaluation of the dollar and foreign fiscal buy-outs of US owned domestic businesses and properties.

3 posted on 01/28/2008 7:27:28 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt

Yep - they want inflation, not deflation.

That tells me even the elites are more fully invested in debt instruments than they have ever been, and would be burned by deflation right along with Joe 6-pack.


5 posted on 01/28/2008 8:13:16 AM PST by cinives (On some planets what I do is considered normal.)
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