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To: Vendit™ who wrote (45671)2/8/2013 5:52:07 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 221961
 
Good question, I don't know... I asked John, but he hasn't responded yet... he seems to think that since all countries are printing money at relatively the same pace, that there won't be much real change between the currencies... he may be right when you compare one currency to another, but I would have to suspect the cost of everything would be higher since there are more dollars (or any currency) available to buy the same number of goods... I would call that inflation...

There have only been two times in the modern world when a country did this kind of currency printing, and both time they ended in absolute and complete disaster... The Wiemar Republic and more recently Zimbabwe...

GZ