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Oh No! Not Plan "B"

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Message Mike Folkerth

Okay, then its plan “B” known as the backdoor approach, which is to lower interest rates to the level of a snakes belly in a wagon track, prop up the banks, order a dozen new printing presses, and pass out money to the point where a dollar isn’t worth spit. Looks good to me.

 

When this plan reaches the desired result of a corn dog costing 10 bucks, employers will be forced to either raise wages to keep employees from starving to death on the job or firing them and taking the companies production to China.

 

But more importantly the dollar will be so worthless that it will take $100,000 to buy a nice wall tent, making existing housing appear cheap. “AH-hah, so that’s plan ‘B’,” I hear you say. I was nearly blinded by the lights coming on out there.

 

So there you have it, the “inflation based back door economic recovery program.” What could possibly go wrong?

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
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