LegendHasIt on December 15, 2012 at 8:43 PM

Yes, definitely part of the plan. If you have savings, convert to hard assets ASAP. It’s coming. And it will be fast and big.

Gold at about $1700. Buy some.

astonerii on December 15, 2012 at 7:25 PM

Yep, but it will completely destroy anyone who lives on a fixed income or a lifetime’s savings.

Which is, of course part of the plan.

The 47% won’t suffer, because they will get COLAs and more government cheese.

Let it burn.

They’re printing money to further devalue our wealth. In the mind of the leftist statist it’s better we’re all poor rather than some rich and some poor.

jawkneemusic on December 15, 2012 at 7:01 PM

Real assets do not devalue with currency devaluation. Roch people have massive amounts of real assets. They will not become poor because of this. This will in fact make them that much more rich and powerful.

Do that until 2017 and you just might have a currency so debased that paying off the national debt will be a snap.

Uh .,. no. You can’t monetize an INCREASING debt. Monetization is only a possibility with a debt that has leveled off. If you try to monetize and increasing debt (and our debt is increasing faster and faster) then you are truly paving the road to hell.

This ain’t rocket science. Heck, it ain’t even model rocket science. Monetization only works (so much as it does) if all else is held stable, but you can’t monetize while continuing to borrow. It’s beyond laughable that anyone would even think that were possible. It’s beyond pathetic that anyone would think to try that.