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View Diary: Not Enough Stimuli Could Be Worse Than None (201 comments)

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  •  The mind boggles (2+ / 0-)
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    mentaldebris, SecondComing

    I think there is a very real possibility that we could see Weimar Republic era inflation. I think we've reached a tipping point on the staggering amount of debt there is both public and private. And that soon we won't be able to pay it back. This would been hyperinflation and seriously devaluing of the dollar.

    That's one possible scenario. We won't talk about who to blame. We already know (Psst mostly Republicans and Wall Street). I barely understand what's going on now, but by what I can tell we are heading for a collapse. Will it be a soft or hard landing.

    What I don't understand is that we have resources, we have people, we have knowledge.But how the hell did our money get so fucked up that it makes it impossible to use the knowledge, resources, and people effectively and get us out of this mess?

    It was a fucking sand castle that was created over the last eight years. It's been washed out to see and it ain't coming back. We have to build something else with what we have left. It's possible but how we do it is beyond me.

    "You know what's more refreshing than having a President who speaks in complete sentences? A President who behaves like a responsible adult."

    by londubh on Mon Feb 02, 2009 at 10:50:00 PM PST

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