Why don't we THE US GOVERNMENT....

just print 500 trillion dollars or 1 quadrillion dollars or even more. What stops it? Who holds us accountable? So it seems our deficits or whatever can go up ad infinitum. Wayne Angel says money is like Doritos, we can always make more. It does appear he is right. I'm not sure of the downside. Inflation? You mean all our homes are going to go up in value? Its going to cost more for a Big Mac? I get a double hamburger from MCDeees for $1. Some inflation. I say we either go Bankrupt and start over or print ourselves a real raise. Go for a quadrillion dollars. This way we can go on a huge spending spree to at least last us till......... 2025? Just add a few zeros. Or go Bankrupt. Bankrupcy isnt the end of the world. Credit would be restored alot faster than you think. Our tax revenue would build up pretty nicely in a few years since we would not owe that 5 trillion or so.

just print 500 trillion dollars or 1 quadrillion dollars or even more. What stops it? Who holds us accountable? So it seems our deficits or whatever can go up ad infinitum. Wayne Angel says money is like Doritos, we can always make more. It does appear he is right. I'm not sure of the downside. Inflation? You mean all our homes are going to go up in value? Its going to cost more for a Big Mac? I get a double hamburger from MCDeees for $1. Some inflation.

Yes, we could do that. But (1) there would be hyper-inflation, (2) the dollar would plunge.. and I don't mean a drop of 35-40%... more like 90-99%, bankrupting nearly all Americans, and (3) having once done that, NOBODY would buy our bonds in the future without a 30-50% or higher coupon rate.

The buying power of the $USD has declined by 95-99%, depending upon which stat is used, since the creation of the Fed (and we're dumb enough to think of them as "inflation FIGHTERS"?).... NOW THEY'RE WORKING ON CRUSHING THAT LAST 1%.

Societies are generally able to cope with the FIRST 100:1 devaluation (as we have already done)... but that SECOND 100:1 is a real killer. That is when bread becomes $500 per loaf, the average house goes for $30 Million, etc.... and almost nobody can keep their assets growing fast enough to keep pace with the inflation and taxes. Bottom Line.... BANKRUPTCY for nearly ALL Americans.

The 1st 100:1 devaluation took 95 years.

The 2nd 100:1 devaluation should take about 50 years... but we'll all feel like we've been RAPED loonnnng before 2060.

HoseB is 100% correct. There were stories prior to WWII of Germans needing wheelbarrows to bring home their weekly pay inflation had run so rampant. Today in Zimbabwe inflation runs 100,000%. A US $100 bill converts to 44lbs. (actual weight) of local currency, as $25,000,000 of their dollars equals $1 US. That's what running a printing press does. U.F.O.

HoseB & UFO are absolutely correct. For those dudes who think we can print our way out of this, do you know of a single country which became prosperous while continuing hyper-inflation? Weimar republic? Argentina, Zimbabwe? Where else? And just think of what followed in those countries after hyper-inflation.

I dont think your correct guys. Those countries either lost a war or the currency is virtually extinct. The US currency is still the main squeeze. You are comparing apples to oranges. With all this so called inflation I can still buy a double hamburger with cheese for $1. Is there a production of currency/inflation damage, chart to gauge this with? The theory has been espoused forever. I just dont think it applies to this situation. Also, how long would it take for this inflation to take place,? Decades? Immediately? I think the story makes some sense so folks are sticking with the thesis. But I say its horsepucky. The World Financial system has sold its soul to the US buck and this tie makes it the leader. When the German crisis hit there money, was there other money on the planet? Examples of Brazil and Zimbabwe are a joke. Can you equate the USD to a Zimbabwe whatever? Wrongo.

That 1$ hamburger from McD makes me wanna go vegetarian Those good hamburgers at Red Robin cost almost 10 bux Even the 6$ burger at Carl's Junior is 6 times the joke from McD.

Plus I'm not saying we have to spend all the quadrillion right away. We can invest it in beaten up stocks and make a killing. I bet a quadrillion could move this market up a few points. Actually I think they should corner gold and silver with it before the Chinese do it. That way we could make some money. Once in a while we Americans should be on the long end of the stick, no?

"When the German crisis hit there money, was there other money on the planet? Examples of Brazil and Zimbabwe are a joke. Can you equate the USD to a Zimbabwe whatever? Wrongo."

cgnx....Have you ever had a basic, college level economics class? Trying to reply to some of this is nearly impossible without starting from a 9th grade education level and that would take entirely too long.

U.F.O.

You can start from a 5th grade level then, whatever makes you happy. Explain how the German monetary erasure is where we are heading if we add how many dollars to our system? I doubt you have enough college to explain it. College will only get you so far. Either add to the discussion or avoid the topic. Simple and no college needed. TY

It's not worth the keystrokes. eom U.F.O.