Replies to post #5920 on Demise of the Dollar

[never96]

People are not going to put billions of dollars in their money market accounts if they know that the government can freeze it at any moment!! They could cause a bank run just by passing such legislation...

[gitonwithit]

Great post sir.

There are three ways to get out of this mess.

1 - raise taxes

2 - quit spending

3 - inflate the debt

The first one is considered political suicide and I doubt it would ever be done to enough extent to impact the problem alone. The second would have to be enforced by the people and might work right beside number one. The third has major and most severe implications resulting from foreign indebtedness.

Most assuredly the group of 30 being the great thinkers and whizkids they believe themselves to be are considering option number 3 and number 3 alone unfortunately.