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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: kris b who wrote (46523)12/3/2005 6:21:47 PM
From: Mike Johnston  Read Replies (2) of 110194
 
Credit bubble liquidation will occur only after the Fed becomes powerless (out of business). And that will happen when the currency is repudiated by the public ie what they produce will not be accepted as a medium of exchange and becomes totally worthless.

In recent history the Fed has provided increasing amounts of "free" money to the economy.
But something that is free must be worthless, by definition.

Eventually the Fed will be out of business. After all, the Fed cannot print gold, copper, oil or computer chips.
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