True. Monetizing of the debt will come with a price. Every day I wake up it seems more like That Seventies Show is being re-run. Coffee prices are set to go through the roof along with other commodities. Corn feeds beef which then becomes costly to keep so it gets sold off. Then you go to buy a hamburg and find out holy cow there ain't no change back from the twenty. First deceleration then inflation. Seems like that is the way it goes. Anyone else remember watching folk lose the farm back then?
Maybe Timmy Geitner has some magic beans to help out. Heck maybe he will release his personal edition of TurboTax for all those caught in the crossfire.
They are getting a little lee way in the fact that the EU is a defunct organization and one day the Germans are going to say Nein, issue their own currency and give the finger to the rest of the continent.
That and food inflation in the US causes discomfort and a cut to consumer spending. Food inflation in China causes mass starvation and the Chinese are none to please with the game we are playing (which is fine by me, I'm none to please with the game they are playing).
Overall the best thing to be long is canned food, liquor, and gun powder.
Keynesian Economics is about to die a very long and painful death. Which in the long run, is good for decent God fearing people.
Long live Hayek's principles.