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

To: kris b who wrote (75494)	12/13/2006 10:22:27 AM
From: Mike Johnston	Respond to of 110194

Well, they would have to "drop" about $ 2.000 every month into each household's account to make this scheme work. Half the population would stop working If they did that, by the time the check arrived that $2000 would not pay for 1 week's groceries. Then they would have to mail $10000. At final stages of hyperinflation money velocity would reach extreme proportions as everybody spends it as soon as they get it. By that time you would be lucky to get your hands on some pots, pans, or spoons at Walmart. They can print money but they cannot print wealth. It seems that this lesson is still to be learned by many.