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| " you said "if I was a conspiracy thinking kind of guy I would say the Fed is talking so much about deflation just to keep everybody off guard so they can inflate the money supply and catch everyone off guard."
Now John, you need a lesson in economics.
When you are 40 trillion dollars in debt and mass producing a currency to liquify your banks that have huge toxic waste loads on there balance sheets, that money produced goes POOF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! gee gads man, that money manufactured can't even service the debt let alone get into the main street for circulation, hence the credit crunch. The only way you are going to take care of this behemoth is to mark to market all the toxic waste on the banks balance sheets and make those that hold it, suck it up or go to hell. Go broke or get your fiscal act together and act like a solvent farmer scrapping for decades to keep his family farm a float!!!!!!!!!!!!!!! | |
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Bernanke says we need more inflation
