[eyedigress]

It is a fact that when money is manufactured without wealth it will decline the value of that currency. We did that heavily during 2003-2004 and will undergo a period of over-circulation and devaluation. America will bounce back but it will involve a recession. JMHO

[Travis McGee]

AT LEAST a recession. The dollar is losing its status as the world's reserve currency, so this time there may be no bottom. We could have an "Argentina" type recession. Possibly. Hang onto some gold no matter what, as a hedge against the dollar's collapse, which is not out of the realm of possibility any more.

This is uncharted water.

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig von Mises