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: Hawkmoon who wrote (98875)	6/24/2009 5:43:02 AM
From: Skeeter Bug	2 Recommendations Read Replies (1) of 116555

>>Anything can be money..<< except fiat currency that has its outstanding supply doubled over enough time periods. then it becomes fuel for stoves. it has happened before and it will happen again. i don't see how our government can not print $1 trillion plus every single year from here on out. minimum. $3.5 trillion ($1.5 trillion debt rolled over and $2 trillion deficit) is more than the world's total savings and interest rates are heading up as creditors rightly realize we will NEVER balance our budget, let alone pay back debt with real economic activity. perhaps money supply can double every year or two with deflation for the biggest debtor nation on the planet without inflation. can you point to a similar example where this has worked played out in this manner (nation massively in debt, relying on others to pay their bills and doubling the money supply to pay its bills)?

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