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Pittsburg, Kansas | As debt drops, so does money supply.
cfdr says - "And, wouldn't you agree that destruction of the currency would be an absolute last option chosen? Think about what that would entail - not only for most of us, but for the people making the decisions."
I would agree with all that except it is not an option that can be chosen or not chosen. It is something that "happens" because of previous monetary choices and/or other economic forces. It is not a choice. It is the consequence of previous actions. A government or central bank would never "choose" for it to happen but rather it is the polar opposite in that it is the complete loss of control. The only "choice" involved is when people "choose" to no longer want to hold the currency for any length of time because they know it will be worth less tomorrow than it is today. When it happens, it is entirely out of any authorities hands. The "choice" is made by the masses, not by government or central banks. They choose that they no longer have confidence in nor want to hold onto the currency.
John
Edited by John Burns 1/30/2016 22:24
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John, another look at where we have come to
