[Mick]

Maybe people in North Dakota have realized their money will soon have no value and are finding other ways to support themselves? I know this seems crazy, but we are on the path to hyperinflation if the Fed doesn’t stop printing money to buy assets nobody wants and continue artificially inflating the stock market.

At some point, people are just going to have to accept massive losses. They can come in the form of bankruptcies that result in creditors losing money they thought they were getting. They can come in the form of massive taxing events. They can come in the form of holding the bag after buying equities much higher than you find them currently worth. 

We seem to have this mindset that we can get out of debt by printing money. It’s almost like central banks have realized it’s easier to devalue currency and slowly deliver pain to people over time, than it is to allow massive metaphorical financial earthquakes to re-set the landscape.

I'll be curious to see how the Dems choose to address this.  Will they raise enormous taxes on the wealthy, the upper class, the upper-middle class, less so for the middle class, and not quite as much for the lower-middle class?  I don't really see any other way to get there.  Confiscatory estate taxes?  I would imagine so.  Anything that nudges us towards Socialism.

[Mick]

Maybe people in North Dakota have realized their money will soon have no value and are finding other ways to support themselves? I know this seems crazy, but we are on the path to hyperinflation if the Fed doesn’t stop printing money to buy assets nobody wants and continue artificially inflating the stock market.

At some point, people are just going to have to accept massive losses. They can come in the form of bankruptcies that result in creditors losing money they thought they were getting. They can come in the form of massive taxing events. They can come in the form of holding the bag after buying equities much higher than you find them currently worth. 

We seem to have this mindset that we can get out of debt by printing money. It’s almost like central banks have realized it’s easier to devalue currency and slowly deliver pain to people over time, than it is to allow massive metaphorical financial earthquakes to re-set the landscape.

I'll be curious to see how the Dems choose to address this.  Will they raise enormous taxes on the wealthy, the upper class, the upper-middle class, less so for the middle class, and not quite as much for the lower-middle class?  I don't really see any other way to get there.  Confiscatory estate taxes?  I would imagine so.  Anything that nudges us towards Socialism.