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To: Hawkmoon who wrote (98875)	6/24/2009 1:59:25 AM
From: John Metcalf	Read Replies (2) \| Respond to of 116555

" I never forget the history lesson of the Spanish conquest of the Americas that ushered in one of the greatest periods of hyper-inflation in the history of Western Civilization." Hunh? Before the Spanish invasion, there was no history of the Americas. (I tweak your beard, sir! If you are a ma'am, I tweak your beard also, but enjoy it more.) The goal of the Spanish conquest of the Americas was to take gold and silver to Europe. In that context, you'll have to describe "hyperinflation" in terms of new gold supply that even we people from other planets can understand. Live long and prosper!

To: Hawkmoon who wrote (98875)	6/24/2009 5:43:02 AM
From: Skeeter Bug	2 Recommendations Read Replies (1) \| Respond to 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)?