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Report a comment Thank you for taking the time to report the following comment to the administrator of this site. Please complete this short form and click the submit button to process your report. Comment in question 13-02-2009 04:08 Where's the money going to come from? OK Mark, I like the idea of $100K free cash from Uncle Sugar as much as you. Here's the rub: Where's Unkie going to get the money to hand out? Unkie will go to his printing press and print it, that's where. Now, when he prints all that monopoly money, he devalues the cash you have on hand. As that tidal wave of cash hits the street, you have huge amounts of cash chasing a dwindling supply of goods (except houses, we have plenty). As the wave of cash chases goods, the price of the commodities rises - sharply - as people compete to hand over their $100K check for a basket of groceries. Unless the cash goes to targeted spending for capital items or durable goods, the puff of cash will look good for a few weeks then it will eat us like cancer as we find ourselves still in the same BushBoat, lots of case, all of it worthless. Hyperinflation coupled with a decline in inventories is deadly toxic. Talk to anyone in their 80's that remembers the last depression. Read the history of how Hoover & Roosevelt reacted with legislative jabs. Look at the "lunatocracy" that's taken over DC. Observe how Obama is steadily wilting on his campaign promises - no lobbyists in his house, etc., and be afraid. Be very afraid. Fear is a natural protective mechanism that will indeed keep you alive in many occasions. Fear is healthy, panic is not. Guest |
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