Yeah, the markets just luv this decision—for the moment. I’m sure more screw ups will come to the forefront now that the Candy Store is open and everything is for the taking. Wait till commercial banks start to fail and there is no $$ left to fund the FDIC. Then the only choices are default or hyperinflation. Either way, Joe Average looses his savings. Unlike Enron, the MSM will be as quiet and compliant as a mouse.
Fasten your seatbelts, it going to be a wild ride.
“Then the only choices are default or hyperinflation.”
Ahhh yes...hyperinflation.
It’s been awhile since I’ve studied economics, but reading through all this over the past few days, I’ve been wondering about the effect of pumping all these dollars into the system.
And other countries are doing the same with other currencies..
Isn’t that - itself - something that can cause other unintended consequences.