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Strategies & Market Trends : The coming US dollar crisis
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To: maceng2 who wrote (26356)1/21/2010 11:04:17 AM
From: RockyBalboa3 Recommendations  Read Replies (1) of 71475
 
I think he is simply naive. While a pure technical default on interest or principal can indeed be cured by printing the required amounts and purchasing issues ultimately, economic laws can not be repealed.

There is yet to see an example where excessive printing has not led to hyperinflation and thereafter, economic depression.

(And there are plenty of examples be it ancient Rome, the Railway mania (which was in effect also printing and government-instructed buying), Weimar 1923, or the Americas in the 80s)

This appears like yet another bubble where you do not expect one - the government bonds bubble.
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