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<p>[QUOTE=&quot;Rono, post: 659724, member: 6492&quot;]Howdy,</p><p>&nbsp;</p><p>Well, the previous admin printed a bunch of money, but regardless, the money supply chart has gone straight up since Lehman.&nbsp; They&#039;ve ballooned the admitted debt to ~$12-13T but this is not really the problem.&nbsp; It&#039;s the unfunded liabilities such as Social Security, MediCare/Aid, the various trust funds, servicing the debt, etc.&nbsp; This boys and girls is north of $60 trillion freakin dollars.&nbsp;&nbsp; This number is too large to be covered by a reduction in benefits or increase in taxes OR BOTH and therefor the gov&#039;t has no option but to monetize it.&nbsp;&nbsp; They call it Quantitative Easing, but it means printing money and inflating their way out of the problem.&nbsp; Now, granted this is all about tomorrow.</p><p>&nbsp;</p><p>How about today?&nbsp; Well, the only reason we haven&#039;t had inflation go nuts is that all the stimulus and bailout money has been heretofore, hoarded by the central banks.&nbsp; This has kept the Velocity around zero.&nbsp;&nbsp; However, as the economy starts to recover, they&#039;re starting to make loans and as the Velocity picks up, look out for nasty inflation.</p><p>&nbsp;</p><p>I&#039;m still accumulating bullion, and am short both the dollar and the long bond in my retirement accounts using UDN an TBT.</p><p>&nbsp;</p><p>peace,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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