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| You said"Those who say the Fed is out of bullets and CAN'T create inflation are smoking funny weed. Imagine electronically depositing one million dollars in every bank account of tax filers, for those without bank accounts they get 100 dollar bills and for the illegal aliens they get a bonus million for just being nice guys and underprivelaged. You think that would not be inflation? You think prices would not rise on goods? The Fed can create inflation. The only thing standing in their way is congress. Nuf said? A wall of Marshmallow's in front of a D9 dozer would be more of an obstacle than congress stopping the Fed printing money. Inflation can always be created if desired if there is nothing backing the paper, I don't care how much credit destruction has taken place."
Now lets take a step forward and take the US currency off the global standard of which is currently transpiring, that blows your hypothesis right out of the water and America will become more than a third world country!
Nobody in this world will want your worthless currency, it won't buy chit, and it will only be worth the cheap toilet tissue to wipe your @$$ with when you are going down the flushing vortex in your standard of living. | |
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Bernanke says we need more inflation
