Tuesday, November 22, 2011

The power of a printer

Printing money is the way or the only way out of this mess for US and EU:

1. Our debt will be depreciated esp. we can ask our lenders to appreciate their currencies as long as the loan is in USD.

2. It is our children and grand children's problem.

3. There is no meaning for OWS protest as we can make the rich losing half of their buying money invisibly and the poor losing nothing (50% of 0 = 0) via the magic of super inflation.

4. The poor will be poorer with the buying power, but they cannot blame the government as the entitlement pay is the same.

Obama should get another Nobel Prize to solve the global problems for turning up the money printers - more deserved this time when he did not do anything.

The only drawback is USD will be replaced by Yuan soon as a reserve currency, so you better use your printer at the max. and before the next election.

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