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To: RetiredNow who wrote (246046)	4/28/2010 11:52:15 PM
From: The Reaper	Read Replies (2) \| Respond to of 306849

I've been sitting here watching this Greek drama unfold one drip at a time and with today's events in the other PIIGS, I pose the question to the board. Can anybody here make an argument that there is another workable solution to this worldwide debt mess other than a complete monetization of debt in all currencies? I know Mish has been beating the drum about deflation, deflation, deflation, but that entails politicians to grow a couple and begin austerity measures worldwide to rein in government largesse. I do not see that happening in any country. Ben has got the perfect opportunity with the dollar stronger than any other currency right now to put the presses into hypermode and on the world stage no one would notice. Is there any other viable method to get the debt less burdensome than that? I just don't see any way that gold doesn't go right through the highs it made at the beginning of the year and off to an unprecedented run. The only thing stopping it would be the control of spending by governments around the world and I just don't see that happening in my lifetime. Just the interest on soverign debt at the moment is going to force everyone to debase the currencies.