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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (105129)	12/1/2011 5:50:39 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

It's a good article. Thanks for posting. However, I don't buy the idea that the end of the world will arrive unless we print money ad infinitum. Rather, I think it is the printing of money ad infinitum that will most assuredly bring about the end of the financial world as we know it. Printing money could never be more than a temporary stop-gap measure. But it has morphed into being used as a cure-all. Therein lies the danger. The reckoning is marching closer and faster. The latest actions by central bankers only delayed the inevitable. There is only one thing that can make the outcome less damaging and that is a coordinated effort to break up the Too Big Too Fails globally and embark on massive deleveraging through bankruptcy.