Monday, June 15, 2009

Keep Print Money!

Boy, I'm certainly comfortable (sarcasim) that the rest of the G8 agree with us that printing money is the only way to avoid a global economic disaster. Only Canada and Germany have any fear of Hyper Inflation! Maybe Germany remembers those old "wives tales" about wheel barrels of money to buy goods!
Unfortunately, I happen to believe that the Global Consensus is mistaken with their present path. All monies will be less valuable and will only delay the eventual Financial Armageddon because there is no "pretty way" out of this mess. Let's face the music sooner than later. The longer we pretend that we can subsidize our debt the worst will be the outcome.
Who wants to revert back to the barter system anyway!

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