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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (578803)	8/1/2010 4:37:00 AM
From: GUSTAVE JAEGER	Read Replies (2) \| Respond to of 1573683

Re: When the green back printers next hit full speed to print the US administration out of the debt, then we still have the Euro left as a US dollar alternative. As Nobel Prize P. Krugman would put it: it's GDP growth, stupid! The US will not print its way out of debt... instead, it'll grow its way out of debt: Message 26454151 Actually, it's the eurozone that's recklessly printing money to clean up its mountain of junk debts! The ECB, under the helm of French Jean-Claude Trichet, has printed zillions of euros to buy Greek, Portuguese, etc. treasury bonds. Of course, officially, the ECB expects to get its money back in the future --when Greek, Portuguese,... governments will be able to reimburse the ECB. Chances are, however, that these PIGS bonds will never be paid back, resulting in a ballooning/inflating monetary mass.... Gus