Let’s face it, the quick and easy (theoretical) way out of a global debt crisis is a global helicopter drop.
Right now it looks like the economy of planet earth is going to be stuck for the next 20 years with all parties nervously thrusting and parry…
According to Reuters, the debt ceiling gets hit tomorrow, but the Treasury can sell enough stuff on ebay to stay open until August.
http://www.reuters.com/article/2011/05/15/usa-debt-idUSN128834420110515
Workingpoor started this topic in April:
http…
Gold & Silver Guy Makes His Case & A Rebuttal
$10 Oil Follow Up – The case for Short Term Deflation
Maloney: “MBS are the big problem for the financial sector. MBS only speed up the global transmission of problems through the banking sector. It’s…
at least, that’s James Hamilton’s theory found at the link posted below. I think he has the luxury of predicting the recent past. I think what he’s saying in so many words is that giving free money to banks is not the equivalent of a helicopter drop….
