Welcome to Weimar Republic part 2

Discussion in 'Economics' started by detective, May 21, 2008.

  1. With the lead actor being Ben Bernanke. Supporting cast includes Hank, Bush, and Easy Al (as the old fogey acting like he's the wise old man). Director and producers are the investment banks, led by Goldman, Citigroup, and JP Morgan.

    The plot is simple. Print as much as money as possible and inflate away the debt problems. The suckers are the dumb foreigners holding Treasuries. Throughout this whole debasement of the dollar, the CPI will continue to print small %s, we wouldn't want government entitlement expenses to get out of control, do we?

    The winners: bankers, those long commodities, and wheelbarrow makers. The losers: everyone else.