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Old 11-07-2012 | 08:08 AM
  #114756  
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tsquare
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From: 767er Captain
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Originally Posted by Sink r8
A modest economic recovery, yes. Nibbling at the structural problem, yes. Inflation: likely. There is so much cheap money sloshing around that's begging to be spent, and saving is painful.

Are you forecasting the end of the world?
I think America is in deep deep trouble as a world power. We are destined for mediocrity under you-know-who. The best is yet to come? "Nibbling" at the problem won't cut it either. The patient needs a tourniquet. This guy hasn't even taken a band aid out of the box. The Fed can't allow inflation. That would be disastrous. Interest rates will remain low, or small business will not have any access to money. That or socialism really can work... (sarcasm in case I need to point it out). Nope.. we are painted into the proverbial corner, and the policies we have before us are not gonna get us out of it. Again, the question I have is whether to go the route of being a good citizen and paying one's bills and all that, or go all in and become another taker.

As to that cheap money of which you speak. Since he will continue his assault on the evil banks, I am guessing that that cheap money will not be as plentiful as you think. Maybe the government will print more and hand it out to his pet projects, but all that does is accelerate us down the path he has laid out before us.

See Greece for a glimpse of the future. My bet is $19 trillion in debt as to when the dollar is no longer relevant. Sometime in 2015. But don't worry, your taxes will pay for it all.