What happens when a country starts to print money?

We are about to find out....

The paper from our printing press gradually becomes worth less as we inject it into the economy for these 'investments' in poorly managed companies. Let GM fail. Yes, there will be a time of unemployment, but a smart group of investors will pick up the operation for a fair market price and a portion of those jobs will be retained and the factory will actually start making cars that people want to buy. With the failure will come an entirely new union structure or possibly no union at all.

I mentioned Peter Schiff in my prior blog entry. He is not the only one who is predicting massive inflation thereby making gold, copper, and foreign currencies very lucrative investments over the next 2-5 years.

My sincere hope is that Barack has the wisdom to tackle all sides of this complex issue. I voted for him because I believe that he is going to look at the problem from all angles including that of Mr. Schiff whom I believe has some extremely compelling arguments over the next few years. I'd encourage anyone who is interested in a fresh, realistic perspective on the dire straits of our economy to subscribe to his podcast.