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<blockquote data-quote="UPS Lifer" data-source="post: 995084" data-attributes="member: 9789"><p>You did not factor in inflation and that will be HUGE going forward. Especially with another round of credit downgrades...</p><p>Look - I am not trying to be a smart ass here. What you say is true BUT - You need to take into account not being able to pay our debt. We have no choice but to print more money to pay it. </p><p></p><p>Here is an EXTREME example to make my point. We print enough money to devalue the $ by 50%. Let's just say that the price of oil is $100 a barrel. To recoup the loss of the devalued $, oil goes up to $200 a barrel just to keep the same profit levels. So the domino effect sets in. All goods and services have to go up to pay for higher fuel costs spread across the spectrum. </p><p></p><p>Inflation will kill us retired folks on a fixed income. etc etc.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 995084, member: 9789"] You did not factor in inflation and that will be HUGE going forward. Especially with another round of credit downgrades... Look - I am not trying to be a smart ass here. What you say is true BUT - You need to take into account not being able to pay our debt. We have no choice but to print more money to pay it. Here is an EXTREME example to make my point. We print enough money to devalue the $ by 50%. Let's just say that the price of oil is $100 a barrel. To recoup the loss of the devalued $, oil goes up to $200 a barrel just to keep the same profit levels. So the domino effect sets in. All goods and services have to go up to pay for higher fuel costs spread across the spectrum. Inflation will kill us retired folks on a fixed income. etc etc. [/QUOTE]
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