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The Fed Printed $1.5 Trillion to Pay Debt
Last week. The reliability of the dollar is being questioned by Russia's Putin. Bernanke is trying to stimulate inflation so prices will go up. Printing money devalues the dollar, which in turn will cause foreign investment to pull out, which will cause the Fed to print more money, which in turn produces more inflation, which in turn......and on it goes until we get hyperinflation and a depression.
I am not a pessimist, but I am a realist. This is not looking good. Printing more money to pay off debt has never worked in the history of mankind. Two notable efforts in recent history is Zimbabwe, and if you have followed any news coming out of there you know what a trainwreck that one is. The other time it was done most notably was in Germany in the 30s. I have seen pictures of people burning Deutchmarks as fuel for fire to cook with because the money was so worthless. It will take wheelbarrels full of money to by a bag of groceries.
This is not looking good.
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When a newspaper posed the question, "What's Wrong with the World?" G. K. Chesterton reputedly wrote a brief letter in response: "Dear Sirs: I am. Sincerely Yours, G. K. Chesterton." That is the attitude of someone who has grasped the message of Jesus.
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