Comments on: Are We Running Out Of Money? http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Bernanke offers consumers $200B of what they don’t want http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-28582 Bernanke offers consumers $200B of what they don’t want Tue, 03 Mar 2009 19:51:36 +0000 http://blownmortgage.com/?p=2560#comment-28582 [...] now: People want to save & people want to improve the economy. The government is buying debt despite being basically broke (see Smoke & Mirrors, efficacy of). Selling special super-patriotic Super Savings Bonds (set [...] [...] now: People want to save & people want to improve the economy. The government is buying debt despite being basically broke (see Smoke & Mirrors, efficacy of). Selling special super-patriotic Super Savings Bonds (set [...]

]]> By: morganb http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-71409 morganb Sat, 28 Feb 2009 03:34:15 +0000 http://blownmortgage.com/?p=2560#comment-71409 all your printing presses belong to us. all your printing presses belong to us.

]]> By: Bryan Rutt http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-71408 Bryan Rutt Sat, 28 Feb 2009 03:12:00 +0000 http://blownmortgage.com/?p=2560#comment-71408 You mean they aren't just printing money in the basement of the White House yet? This gets scarier with each passing month, and those in Washington would do well to learn from history (Deutschmark or Yen, anyone?) You mean they aren't just printing money in the basement of the White House yet? This gets scarier with each passing month, and those in Washington would do well to learn from history (Deutschmark or Yen, anyone?)

]]> By: morganb http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-23946 morganb Sat, 28 Feb 2009 02:34:15 +0000 http://blownmortgage.com/?p=2560#comment-23946 all your printing presses belong to us. all your printing presses belong to us.

]]> By: Bryan Rutt http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-23945 Bryan Rutt Sat, 28 Feb 2009 02:12:00 +0000 http://blownmortgage.com/?p=2560#comment-23945 You mean they aren't just printing money in the basement of the White House yet? This gets scarier with each passing month, and those in Washington would do well to learn from history (Deutschmark or Yen, anyone?) You mean they aren't just printing money in the basement of the White House yet? This gets scarier with each passing month, and those in Washington would do well to learn from history (Deutschmark or Yen, anyone?)

]]> By: Gmmax2205 http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-23942 Gmmax2205 Sat, 28 Feb 2009 00:38:59 +0000 http://blownmortgage.com/?p=2560#comment-23942 Interesting that Europe markets are way above 2003 lows and we are at 1997, huh. What's up with that... Hummm Interesting that Europe markets are way above 2003 lows and we are at 1997, huh. What's up with that… Hummm

]]> By: steve http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-23941 steve Sat, 28 Feb 2009 00:31:26 +0000 http://blownmortgage.com/?p=2560#comment-23941 I would say you are optimistic. I see no end in sight to this feeding at the tax payer trough.<br><br>The probability of being able to borrow all of this pretty thin. I doubt that the borrowing will come easy, and certainly interest rates will and have been rising, which makes the cost even higher. Rest assured that eventually the dollar will be rejected and devalued, and no one will want to hold dollars and its status as a reserve currency will fail. You can't pump this much money into a system and expect the currency to hold up. Faith is beginning to wane and it wouldn't surprise me to see this sooner rather than later.<br><br>We've been lucky in the past in that we've been able to export inflation, but even that is coming to an end. Unfortunately we'll all suffer here with a markedly lower standard of living.<br><br>optimism vs. pragmatism I would say you are optimistic. I see no end in sight to this feeding at the tax payer trough.

The probability of being able to borrow all of this pretty thin. I doubt that the borrowing will come easy, and certainly interest rates will and have been rising, which makes the cost even higher. Rest assured that eventually the dollar will be rejected and devalued, and no one will want to hold dollars and its status as a reserve currency will fail. You can't pump this much money into a system and expect the currency to hold up. Faith is beginning to wane and it wouldn't surprise me to see this sooner rather than later.

We've been lucky in the past in that we've been able to export inflation, but even that is coming to an end. Unfortunately we'll all suffer here with a markedly lower standard of living.

optimism vs. pragmatism

]]> By: Luis Salim http://blownmortgage.com/2009/02/27/are-we-running-out-of-money/comment-page-1/#comment-23938 Luis Salim Fri, 27 Feb 2009 23:18:57 +0000 http://blownmortgage.com/?p=2560#comment-23938 Why worry, we own the printing press. Why worry, we own the printing press.

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