The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man	2/6/2009 4:47:19 AM
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Fleck's thoughts... He's right about stuff in principle, but usually underestimates bull moves by a wide margin and often misses the positive side - so negative all the time. I think he misses the fact that one can work out excesses through printing as a function of time, at least in principle, which is how our economy has been "working". -g- Can we drastically reduce unemployment by printing? "Yes, we can" <G> Hell, chronic inflation can have 100% employment. He's right about this 100%, otherwise all Zimbabwe folks would be really rich. articles.moneycentral.msn.com Prosperity is not 'printable' America is now well down the path of trying to print its way to prosperity. Of course, the reason we are trying to print our way to prosperity is because initially, in the late 1990s, we tried to speculate our way to prosperity via the stock bubble. After that didn't work, we attempted to borrow our way to prosperity during the real-estate bubble. Those two bubbles ended in the epic disaster of today. Now the United States and other countries will attempt to print their way to prosperity, which also won't work. But we are in the early stages of papering the world with dollar confetti, and it's unlikely to "not work" just yet.

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