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<p>[QUOTE=&quot;bahabully, post: 1170697, member: 17555&quot;]Your trying to scare folks again.</p><p>&nbsp;</p><p>The classes were not destroyed, if you owned an 8,000 sq ft mansion and 5 sports cars and two companies you did NOT lose that.&nbsp; You kept it !</p><p>If you owned a shack and scruffy old dog, you kept those too.</p><p>&nbsp;</p><p>No one was going around collecting 1st born babies,&nbsp; everyone kept what was thiers at the point the government told the banks to take a flying leap because they had caused this issue in the first place... it was simply a matter of calling all dept paid, and then starting over.&nbsp;&nbsp; Something the US should consider seriously, and I&#039;m sure they are.. just not to the same extent.&nbsp;&nbsp; QE will get us there Cloud... be patient.&nbsp;&nbsp; </p><p>&nbsp;</p><p>Consider this:</p><p>Assume I have 1 million in debt and have roughly 3 million left in my working capital (all money I can expect to collect for the rest of my working life).&nbsp; 33% of my money will have to go towards paying this debt.</p><p>Now assume I inflate the economy to a point at which my salary &quot;must&quot; be adjusted by the company I work for or they risk losing me to McDonalds fry station #2.. Now my working capital has risen to roughly 30 million.&nbsp; So only 3% of my money will now have to go towards paying off my debt.</p><p>* so more money (as a percentage of my income) to spend on other stuff now,,, economy gets going again !!</p><p>&nbsp;</p><p>Trick will be to level out this step wise inflationary evolution, or slow cook in over a &#039;short&#039; and managable period of time.&nbsp;&nbsp; QE is a neat tool to do that.... we need more QE. </p><p>Just need to rename it so no one catches on to what we are doing ; )[/QUOTE]</p><p><br /></p>

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