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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (37376)7/31/2005 12:45:42 PM
From: philv  Read Replies (2) of 110194
 
I think credit is money printing. Ever increasing debt is not included in these figures. Of course, if the debt is paid off, it would be a different story. National debt and private debt has exploded over the years. What are the chances that they will ever be paid off or even paid down? In whose lifetime? That is money creation out of thin air thanks to our FED inspired fractional banking. It must result in fiat funny money depreciation and inflation.....eventually.
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