scootie2008

Inflate, Deflate or Default

"It is hard to lay much blame at the feet of the investment bankers and traders. They are, after all, private market participants whose only objective should be to maximize their personal gain. "????

I'm not blaming them, but they should now experience the downside of their risk. That is what a "free" market demands.

So much capital has been wasted and credit destroyed, the fed cannot print that much money that fast. The hyperinflation that some are hyper about would essentially save all the indebted Americans since the value of the debt would evaporate in that scenario. America's creditors [the holders of cash] would not stand for that and the USD "system" would collapse before hyperinflation took hold.

It would be a shame for the US to destroy their 2 great gifts to the world [as described by James Grant] a robust financial system and a reserve currency.