The Rambling Redneck

Commentary on the Zeitgeist

Tuesday, January 06, 2009

Just print the money you need

From Bloomberg TV just past 13:50

"The Fed is now expanding its balance sheet by printing money." William Poole former president of the Federal Reserve Bank of St. Louis

If these clowns keep this up we will move from a deflationary depression to an inflationary depression replete with monetary reset once the dollar is not worth a continental. If you are wondering what that looks like here is a peak; wonder if Bernanke understands why Zimbabweans are not the most prosperous people on earth?

This will go very poorly.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home