Subject: Re: OT Booms and Busts
<<Nobody disputes this. It was well demonstrated. The question is how many times can you do it?<

We own a printing press that prints dollars. And given the present level of electronic transactions, we don’t even need to afford as much ink as in the past. To answer your question? At least one more time. Probably many times. And we hold the devaluation card if you’re worried about debt levels —they can be monetized. The people who LEND to Uncle Sam are the ones who need to really worry: China and grandma are both in that boat.