The phrase, "the straw that broke the camel's back" is important to consider. Bernanke is still feverishly printing, now giving it to the ECB to buy up junk sovereign debt. He says he can print to infinity and not cause a Wiemar Republic like catastrophe because the USD is still the reserve currency.
Until it's not. He will print one dollar too many and commodity prices will explode. "Paper" money will probably actually continue to be useful. There won't be any FRNs in the banks or ATMs. The cash economy will rule, and all your direct deposits will become a one way deposit with no withdrawal possible.
Geez, I'm scaring myself... better go stuff my mattress with FRNs and buy some PMs.
Take back the GOP and Restore America Now.
Want DP delivered to your inbox daily? Subscribe here: