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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:17 PM
Response to Reply #3
5. eh?
Try zero percent interest rate policy, quantitative easing and bailouts.

The tax issue is marginal in the big picture.

What really is driving the situation is the $14 trillion handed out by Bernanke and Geithner to their friends/owners in the banking system.

A great deal of that became hot, speculation money. Drove stocks way higher than fundamentals justify, and caused a new bubble to form in commodities as well.

The math is pretty simple - if you greatly increase the supply of dollars in the economy without a similar increase in actual production, the value of the dollar will plummet. And that is exactly what you are seeing right now.

And the Fed, of course, is just monetizing the deficit, since we already appear to have run out of net buyers of Treasuries.

Get ready to live in a third-world America because it's coming at you at light speed.
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