Greenspan was Quoted on June 26, 2009

"Inflation is a special concern over the next decade given the pending avalanche of government debt about to be unloaded on world financial markets. The need to finance very large fiscal deficits during the coming years could lead to political pressure on central banks to print money to buy much of the newly issued debt.

The US is faced with the choice of either paring back its budget deficits and monetary base as soon as the current risks of deflation dissipate, or setting the stage for a potential upsurge in inflation."

Either way the stage is set for the Great Gold Bubble! (No doubt the allignment of the "stars" favours inflation! As Mark Faber extols," I'm 100% sure the US will go into hyperinflation.)

When have govts ever voluntarily "Pared back budget deficits and monetary base?" As Warren laments, "These huge debts/deficits (a large part owed forieners!) will not be paid through higher taxes but by debasement of the currency." (After all foriegners don't vote in the US OF A!)

"To be or not to be," that is the question. ( the answers are much more "intractable!")

RUF

PS: gold appears to be the answer! (at least in part.)