Reply #31: notes [View All]

[Rapier2]

Debt creates money.

Think of my example.

Debt creates money.

Uncle Sams debt is small potatoes. SOme $7 trillion. Sounds like a lot doesn't it? But the total credit market debt outstanding in the US is now approaching $35 TRILLION.


It is an unrestrained disfunctional credit market which is fueling the money explosion.

Never forget however that the American people themselves have always loved credit. That love waxes and wanes, the latter when hard times hit but none the less it's popular. Blame our leaders for sure for a system out of control but we all share the blame as well.

For some good charts quick on the M's and total debt. along with some discussion of inflation look here.

Should be free for a while. A (pay)site I highly recommend for outside the box thinking run by a guy who against all type when it comes to finance is an old line progressive.

The site is new, a morphing of an older site with a very strongly bearish cast. Denizens of the site have a tendency to libertarianism with the occasional more crude rightest tint but in the world of markets and bears on the net which inevitably become mini Free Republics this is a minor annoyance. You might learn a lot by rooting about.

http://wallstreetexaminer.com/index.php?itemid=112