Money supply HAS TO expand infinitely or the whole thing collapses. Contradictorally, it will collapse on top of itself, if it keeps expanding.
[quote]We may have to wait for the European contagion to clear before we have our day of reckonoging[/quote]
Yes – though, I don’t think it will clear but spread to the US(the “market” is focused on Europe now and it is not very forward thinking or rational and is easilty tricked). Then deflation comes via panic, the dollar will skyrocket and gold bugs will beg for printing. Until that plays out THEN the dollar dies – it will be, maybe, a decade or so.
