The Glade 4.0

http://online.wsj.com/article/SB1000142 ... _US_News_5



So the Fed prints up some new inflationary currency, and buys from the Gov, oh yeah this can not possibly go wrong at all. I am sure somewhere Krugman is doing cartwheels of joy.

oh and throw on some Fred and Fannie debt to the pile.

http://online.wsj.com/article/SB1000142 ... _US_News_5

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"Life isn't divided into genres. It's a horrifying, romantic, tragic, comical, science-fiction cowboy detective novel. You know, with a bit of pornography if you're lucky."
— Alan Moore

Actually, at this point, monetizing the debt is about the only way the Fed can remain solvent. If they'd actually pay off the debt with it and be done with it, and happily work with their newly deflated currency, you might actually recover nicely.

That's assuming they'd stop spending more than they taxed.

Hahahahahahahahaha...sorry.

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Oh, Obama is just doing the exact same things everyone said saved us from the Great Depression; however, this time around we have history and better information sharing at our hands. Now we get to watch those policies fail and dispel the most dangerous political myth of the 20th Century.

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Funny you say that, did you see Brazil's comments about our pump and dump policy? Last time this happened it lead to World War II were their exact words IIRC.

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Odd that this comes out Nov 5th?

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A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. ~ John Stuart Mill

Brazil's staging itself to be the most powerful economy in the Americas after all of this mess sorts itself out. To be sure, it has its own problems, but a sane banking system and systematic shedding of its debt while increasing manufacturing and durable goods production means it'll be a decade ahead of the United States.

As for the pump and dump comment, it's entirely true. World War II was caused, for the most part, by how the Allies dealt with Germany after World War I. Germany had to use a pump and dump system to pay down a stupid war debt that consisted mostly of fines imposed by the winning side.

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Lol I just reread the article. Brazil: "You can't fix your economy by dumping cash out of a helicopter."

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No one wants to fix the U.S. Economy, least of all the people in our government. Fixing the U.S. Economy means suffering the consequences of 30 years of libertine indulgence based on the falsehoods of American Liberalism*.

*American Liberalism here is meant in that Dr. Feelgood Sense.

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How do you say, "Patch the bubble and reinflate it!" in Latin? Cause that should be on the currency.

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Khross,

Are you aware of how Brazil fixed it's ridiculous inflation issues? It's a pretty interesting story.

Still, Brazil has a long way to go to get to #1.

Anyway, inflation increases GDP, when measured in dollars. So it's a good thing! You want GDP to rise, don't you?

"Bullam sarci, et id identidem tumeface."

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Arathain:

Which period of heavy inflation are you discussing? The 1980s reforms caused serious problems in the 90s. The most recent inflation crisis was solved by hard strapping their currency to the U.S. dollar.

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I'm referring to the URVs in the... 80s?