You're welcome. In turn, thanks for the hyperbole, Emo.
By the way, hyperbole cuts both ways.
Below is a heartbreaking picture of a poor woman in Weimar Germany burning hyperinflated banknotes, because their value as fuel is greater than their purchasing power.
We are ABSOLUTELY POSITIVELY going to have WORSE FREAKING INFLATION THAN THE WORLD HAS EVER SEEN if we HAVE A BAILOUT!!!
What proof do I have? Just my say-so. As with you -- my shrieking hyperbole and my historical (hysterical?) reminders that it can happen, and it did happen, are all I need. :-)
Explain how you go Weimar when debt is being destroyed faster than you can even monetize? Debt is being destroyed with every write down, now totalling some $500 billion. That is short of the entire authorization that Paulson wants to print. And you are telling me that $700 billion, spent likely over years — not months — takes us Weimar.
You have your opinion but I am seeing massive debt destruction that printing can’t even begin to keep up with and this leaps an order of magnitude with an entire US financial collapse, never mind the other world systems.
And you are talking Weimar. Please explain to me how $700 billion spent is going to initiate hyperinflation. Or were you similarly worried about the $600 billion spent so far on the Iraq war?
For your information, we have lost $4 to $6 trillion dollars in housing wealth (yes, mainly fictitious, but gone none-the-less) in just the last year and another $4 trillion lost in the stock market.
And with that kind of capital/debt destruction, you are telling me that $700 billion in monetization is taking us Weimar? What the hell are you smoking?