Since the US borrows several $ billion everyday from other countries....and since the "loaner" countries, although some in "catch 22" situations are having some concerns about just how they are going to get paid back or have their initial values upheld.... Perhaps it is time to further examine the real possibility of having to "print more money".... But before one does this which may incite the other countries to "print some of their own" to buy US debt.... Then maybe the US will consider some "legal" changes which get to the root problem of declining "mark to market" issues regarding questionable debt assets of the banks".... All in all....the current calamity is about valuation and accounting rules.... Thus the idea is just how can the US government create money out of thin air.... The "thin air" "pen stroke" possibilities are: Accounting rule changes Printing money Change in US tax structure (ie consumption tax only) Thus the question becomes which method would be the most favorable....
Printing money got us into this mess. Wait not the money you and I use. M3 money, banker's money. The economy does need money, but we can't absorb any more debt money. We need free money and a market correction. NONE of these the Fed will allow to happen. Enjoy the movie: "Great Depression II"
yes but instead of printing reserve notes lets adding to are debt, lets print u.s notes i would rather have 20% inflation then a complete collapse
Tax structure change "should be " number one.... Why? Promotes employment via long term planning and productivity.... All good companies will want a US domicile....(private sector jobs) Will create a psychological upward surge ....(most important) Is not a bandaid fix soon to expire.... Will increase the tax take.... The US will become "THE USA" again.... The government will downsize prorata by default....