The following writing is a section from the January 2011 issue of James Dines' The Dines Letter. Re-published with the Author permission. So according to James Dines, only 2 ways the outcome of our current monetary policy can go. 1. Central banks stop printing money and let deflationary force take over... 2. Continue to print and print and print money and go over the edge into Hyper-inflation chasm. Can't have mild inflation that go on forever.
Haha. Its obvious they will print to oblivion. Absolutely no doubt about it whatsoever. This is a high speed train with only forward gears. There is no reverse gear. Thats 100% certain. No room for doubt.
Make that 2 in the 'print to oblivion' camp. They will try to keep it going and going and going like the Energizer bunny.
Right now Tim Geithner is pushing to raise the debt ceiling. If he gets his wish (which more than likely he will) that will seal the deal in Hyperinflation.
Good post chimp.. And damn it. it still leaves me with the same deflation/inflation see-saw head game..