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To: Freedom_Is_Not_Free
So long, and thanks for the Depression...

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. :-)


7 posted on 09/25/2008 12:42:25 AM PDT by Nervous Tick (I've left Cynical City... bound for Jaded.)
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To: Nervous Tick

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?


13 posted on 09/25/2008 12:55:35 AM PDT by Freedom_Is_Not_Free
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To: Nervous Tick

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?


18 posted on 09/25/2008 1:00:08 AM PDT by Freedom_Is_Not_Free
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To: Nervous Tick; Freedom_Is_Not_Free
Either way, we're doooooooooooooooooooooooooomed!
70 posted on 09/25/2008 5:28:14 AM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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