Not all memes are created equal. What led you to your original opinion?
Are you a trader or an investor?
If you still think these people know what they're doing - you are beyond help.
If we know that we have finite amount of natural resources.
We know that there's an infinite amount of cash at the Federal Reserve, ready to be cirtucated into the economy.
And we also know that any number divided by infinity is equal to zero.
Than, what can we expect the purchasing power of the dollar to be?
Down
Christine Lagarde, the president of the European Central Bank, being interviewed on a Dutch TV show.
They're talking about the ECB balance sheet.
Interviewer:
How do you get it back [down]?
Christine:
It will come, it will come. In due course.
Interviewer:
How? How?
Christine:
In due course it will come.
Fiat purchasing power getting destroyed
The United States can pay any debt it has, because we can always print money to do that. So, there is zero probability of default.
Alan Greenspan
Federal Reserve Chairman (1987 - 2006)
