Video: Episode of Duck Tales illustrating the negatives of duplicated money.
Well-written and produced. It's probably better than you think it will be, considering it's a cartoon about ducks learning about fiat money.
Call it an animated introduction to the inflationary policy of the Federal Reserve. So far, 18 months into the heavy ease by the Fed, there is little sign of inflation. As dollar savers and consumers, we can only hope it appears soon (with inflation, the Fed will shut-off the credit spigots...with no inflation, who knows when the insanity might stop.). Perversely then, those hoping for a termination of Fed easy money policies, need to welcome the appearance of price increases. It's a strange time.
In other words, if Bernanke doesn't see inflation soon, his initial plan for the great bubble re-blow might crash and burn sooner than anticipated. And then it could get ugly. If Japan is any guide, we might then see stimulus, MBS purchases and debt monetization for another decade.
What's another $10 trillion in debt, when you can purchase 90% of it with newly created Fed greenback credit.
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