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algreeny
Membre depuis mai 2012
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That Old Martial Spirit

- James Howard Kunstler -

Howard, me thinks they are just going to paper it all over. What makes you think they can't just print and buy the bonds like they have been doing. If no one else buys them then the Fed will - they can do this until the preverbial cows come home. No? Yes, inflation has arrived (not withstanding the housing bubble). I am paying $34 / gal for paint. $2.30 per ft. for 3/4 x 8" clear pine for trim.
Debt is extinguished by inflating it away (or paying it back - sooo old fashioned) or forgiving.
Inflation, inflation it will be inflation. It's a bad sentence for the old, the poor and the middle class who will just get squeezed to death. I lived through the late '60's to early '80s. - saw my income rise and debt principal fade away. We are just missing the income but am paying $65 per hour for plumber!

Commenté il y a 4448 jours

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Début de l'article :A great orgasm shuddered through the money world last week when MarioDraghi paused betweenscamorza con arugula tidbits to remark that the European Central Bank (ECB) would stop at nothing to keep the financial blood of Europe circulating. Of course you wonder how many pony glasses of Campari he knocked back before that whopper came out... Lire la suite

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