I don't see many economy experts in the list of the richest of the richest. How you like that one Mr. Education?
fact is you dont know whether were gonna turn into japan or weimar I have 65% confidence in Bernankes printing press powers so far
Japan is a net creditor nation. That's why the Yen never collapsed. America is a net debtor. Plus reserve status, yes, the dollar will implode in a few short years. If you want to put a figure on it, imo, there's about a 90% chance Bernacke prints and the dollar collapses.
isn't the UK a net debtor nation that prints way more than us and yet their currency hasn't collapsed?
I hope it was a joke on another thread that Benny's mega plan to solve the crisis is to give $5 trillion to Greece, Spain , Italy. etc etc. If they really get spending US style it shouldn't take them more than a few months to waste that lot and be back for another hand out. What a dummy !! Just another example of a capitalist democracy ( well almost ) not doing the right thing except win the next election. About time power was taken away from the masses and given to those of quality and integrity.
Like ours it has not YET collapsed. The treadmill --borrowing and printing-- is a very difficult one to get off gracefully. There is little doubt in my mind that nasty, persistent inflation lies ahead of us and the potential for hyperinflation certainly exists.