Discussion in 'Election Forums' started by Contumacious, Sep 13, 2012.
To be fair, he's also concerned about dragons.
Like the Millerites, they're confident the Second Coming is just over the horizon.
Nice work, Cork. Is there anything else we might need to know to draw a conclusion?
The same claims being made today about hyperinflation being just around the corner were made by their kindred about Japan 20 years ago. How is that prediction working out?
Hyper inflation isn't the concern we face, default and massive federal government protectionist (or confiscatory measures) are.
We can always just monetize more debt too. Sell that back to the federal reserve and have them buy more MBS that are toxic. The banks absolutely love us!
Please, explain how Bernanke's action makes default more likely (hint: it doesn't).
It doesn't. It just makes our purchasing power and overall wealth in decline. Depending on how far that decline goes, will determine how much of a depression we face down the road when interest rates are forced to rise beyond the feds ability to hold them down.
Or the government defaults.
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