| I did miss the tongue in cheek actually.
But the debasement of currency is real.
What is happening currently in the states is that more currency (not just M1, M4 etc too) is being issued for a country who's 'net worth' is tangibly less, due to asset price falls and massive debt defaults.
This, of course, debases the currency.
Alan Greenspan is a Goon. Ben Shalom Bernanke, sadly, no better- but he admittedly has limited options.
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Patriotism is the last refuge of a scoundrel. |