jeromemsn wrote:Wall street, auto industry, seems like both had a lot to do with what they are calling legacy costs. Now if thats the case, can you guess who would have the most legacy cost in this nation of ours. Yes your correct the federal government. I presume that this will be the next big score that will need to be settled. I wonder what planet will come and bail us out, because I know there isn't a country that will. If they start just printing money to pay the legacy costs of all the retired government workers and there insurance coverage, I would imagine that inflation would run rampant. I just think we be...... well you know what I mean.
Inflation already IS
rampant. Where do you think all the bailout money came from?
Inflation is an expansion of the money supply, not as people commonly believe, rising prices. The Fed perpetuates this myth to hide their crime.
More money makes each dollar worth less. Less valuable dollars means any particular item costs more.
The Dallas Fed said a few months ago that we are roughly 99 TRILLION
dollars in debt. We're dead. We just haven't laid down yet.