Ben Burnandkaput will destroy the dollar. We are about to witness true capital flight. Wealthy Americans will shift their dollars to precious metals and foreign currency. Foreign central banks will stop buying treasury and agency debt and instead sell the dollars on the open market.
Burnandkaput doesn't understand economics. You can't print your way to prosperity. If you could, he could send everyone a check for $10 million and eveyone can retire. It doesn't work that way. One way or another, Americans will be forced to live within their means. Unfortunately, that won't happen until the end of a hyperinflationary depression.
Ben Bernanke's Tightrope Act [View article]
Burnandkaput doesn't understand economics. You can't print your way to prosperity. If you could, he could send everyone a check for $10 million and eveyone can retire. It doesn't work that way. One way or another, Americans will be forced to live within their means. Unfortunately, that won't happen until the end of a hyperinflationary depression.
Enjoy!!