Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (13953)	5/14/2004 6:40:02 PM
From: Peter Joseph	Respond to of 110194

Re: Kasriel on Greenspan: This at the very end, caught my eye: Government spending is on the rise for as far as the eye can see. The U.S. indebtedness to the rest of the world is high and will be rising as far as the eye can see. U.S. policymakers will attempt to lessen the impact of this indebtedness on the standard of living of Americans by running Fed Governor Bernanke’s greenback printing press overtime. At first, this will induce foreign central banks to speed up their printing presses as no country right now wants a strong currency. This will lead to global reflation. Later, however, foreign central banks will get that anti-inflation religion again. This will lead to a run on the dollar and a sharp acceleration in U.S. inflation.