29-10-2008, 07:47 AM
(This post was last modified: 30-10-2008, 07:22 PM by Peter Lemkin.)
Jan Klimkowski Wrote:Hmmm - "Spooky" Ambrose Evans-Pritchard, onetime print assassin of Clinton & currently roving "business correspondent" for the Daily Telegraph is today floating the idea, through Council for Foreign Relations sources, of the IMF printing money.
That would be a whole new type of Shock Therapy.
It's BOHICA time.
http://www.telegraph.co.uk/finance/comme...reads.html
I really doubt it will ever become legal, before the sun burns itself out, for us to print money when we need it....or how about just being able to write checks with nothing backing them - ditto credit cards with no limits and no payments - just like the banks, big nations, et al.
Are we about to enter a brave new world of many new entities printing their own monopoly money - WB/IMF/etc.? Strange days.

