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by nine_zeros
2205 days ago
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So what? There is only one game out there and its called printing money. We have bad loans on the books? Oops, nothing we can do here and can't have so many foreclosed lower valued assets. Print. If anyone looked at billionaire net worths, they would know that hyperinflation is rampant. The only reason it doesn't show up in the cost of Milk is because the peasants (we the people) fight for scraps and are willing to take smaller slice of the pie. In other words, the Bernanke trick of inflating assets in 2008 did its job. It inflated assets and the size of the pie increased. But 90% of the participants still have a lower share of the pie. |
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