The only way out is through. And that means hyperinflation, the chemotherapy that will exorcise the cancer. Yes, people will suffer, but to quote Andrew Jackson: “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.” The suffering that is inevitable in this fiat Ponzi scheme is not something we can prevent and in any case is not our fault. What would be our fault is if we keep the scheme going and cause even more people to suffer. You might not like it, but that's the reality. View quoted note →