In the video I'm thinking of, Glenn notes that the only reason this hasn't hit yet is because the banks are basically not lending the money yet, which they will eventually we know that. So the money has been printed up at the greatest increase in American history. The banks basically have their finger on the trigger and it can start happening anytime after they fully pull the trigger. I think Glenn was spot on with that and I was previously thinking the same thing when the banks were being criticised for not loaning the money. I thought a little more about that and so when Glenn said that, I thought, bingo, spot on.
What I would like is for people like BF to explain why all these people are wrong. Instead he just calls people stupid and ACTS like he's got it all figured out.
