Don't question my authoritaaaaeee!!!
Posted on 09/25/2008 1:58:43 AM PDT by Tempest
All the Fed Chairman has to do is do is spend half that amount of fresh Federal Reserve Notes on U.S. Government Bonds and stop making a fool of himself by begging Congress for a favor that would just create a nightmare for him, and ergo the rest of us. What that simple inflationary monetary shock would do is immediately increase the U.S. price-level by just about 20%. The dollar would sink that much in the world's money markets and this would (1) stimulate our economy out of its current recessionary threat; (2) raise the value of real estate by 20% and immediately end the wave of current real estate foreclosures; and (3) immediately restore liquidity and financial flexibility to our banks and financial institutions so as to end our current financial woes on the spot.
(Excerpt) Read more at americanthinker.com ...
Don't question my authoritaaaaeee!!!
WHAT THE HECK???????
what the heck what?
inflation is the last thing we need
Exactly.I don’t see how devaluing everybody’s assets would be a big help.
“...Exactly.I don’t see how devaluing everybody’s assets would be a big help....”
Oh come on man! If you liked $4.50 a gallon gas, you will love $10.00 a gallon gas.
Dumbest thing I’ve heard yet.
You really think inflation will be avoided no matter what happens? I don’t.
By the way, I don’t agree with this wroter’s idea, I like Newt’s approach. But inflation is goign to happen one way or another, JMO.
And this isn’t just about overvalued mortgage loans in the USA. That’s just a tiny part of the massive debt. Adding inflation does NOTHING to create liquidity.
Maybe. Maybe not. If the gov. starts printing money, then yes.
But we have a cash shortage. That’s anti-inflationary.
We have about 70 trillion in obligations, including medicare, medicaid and SS. That’s a pretty huge debt- we’re going to have to print money.
that’s your solution?
Like I said, I like Newt’s ideas. I think they would work to solve the immediate logjam.
Aside from that, how are we going to pay for all that debt? Print the living hell out of the dollar is the only possible way as far as I can see. 70 TRILLION!
It would be smart to introduce a gold-backed currency as a competitive currency to the Fed’s monopoly money though, so that regular people could build and hold some wealth over time. What a concept.
cut spending perhaps?
Like Medicare, medicaid and ss? I’d love to see it, but come on now...
otherwise Zimbabwe here we come!
Scary isn’t it? Personally, I’m buying silver.
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