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<p>[QUOTE=&quot;medoraman, post: 1203625, member: 26302&quot;]Sorry, but comparing Iceland to the US is like comparing a smart car to an 18 wheeler. What Iceland does does not matter to the world economy. The US is a driver of the world economy.</p><p><br /></p><p>Bringing back US notes would simply be borrowing more money from the US people. It would also be inflationary. Why are you saying FRN would decline? Why would that have to happen? Since the Fed is a pseudo US institution, both monetary issues are US debt. You are just advocating forcing more debt onto the US population, since the world would be unwilling to loan to us. Also, issuing more currency when the economy would be shrinking by 10% per year would be HIGHLY inflationary. What you are calling for is what may happen, but it would be just another way to destroy any savings of the general public.</p><p><br /></p><p>Debt is debt, and it will be paid back. Either scenario will entail confiscation of private property, either through taxation or through inflation.[/QUOTE]</p><p><br /></p>

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