wretchard said:
“It’s going to be hard, but there are huge opportunities. First of all there’s the prospect that all the people who are engaged in make work can somehow be employed doing real work. Work with real value. Consider a UAW worker building a car sold at a loss isn’t really productively employed. But if he can be employed for real that will create real value. That by itself will cause a spike in real GDP.”

How is that real work going to be capitalized? The stock market should have crashed in the middle of last year. It didn’t because the Federal Reserve was propping it up with freshly printed green backs. That -1.85 trillion dollar negative spike in 2009 represents the money spent propping up a zombie economy. That bad debt should have been defaulted on and the bankrupt companies wound up through an orderly Chapter 11 process. Unfortunately, the US federal government is bleeding itself to death in providing life support for a zombie financial industry. After the US dollar goes into hyperinflation there will be no financial mechanism for resuscitating the economy. Bernancke and Obama have already jettisoned the life boats.

I’m hyperventilating… …must resume fetal position…