Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (96375)	4/12/2009 7:12:59 AM
From: Jimh068	Read Replies (2) of 116555

Mish, very nice article. Thanks I was just commenting how with all this money printing by the Fed, no new money has shown up. I just base that on an examination of the currency. There are no bills in circulation newer than 2006. With the supposed 25% increase in credit/money we should have seen new bills. Then finding a few articles on our money system is now a credit system and not a fiat dollar system, this all makes sense. Debt to GDP has to come down. Until then we will have deflation. The only way to correct in less than a generation is allow bankruptcies to happen. Very little public debt can be paid off as the economy is not strong enough. I guess devaluing the dollar by at least 50% would work as well. All fixes will be painful.

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