Francis

Cool Hand Bernanke Protects a Bankrupt Fed

Hi Kunst,

The solution you paint seems more painful than the condition of stagflation we're facing.

A dollar worth 1/10 of it's value today means all American assets bought up by China/Oil money. And 10x price increases with a 5x wage increase is really a 50% reduction in standard of living...

How can you say we're not going to lower our standard of living and say that peoples purchasing power will be halved?.

I almost think a depression would be better. It might be 10 years of pain, but at the end, America would still be America, and not the property of the rest of the world...