you cant creagte hyperinflation with these debt levels,...

you cant creagte hyperinflation with these debt levels, hyperinflation is manifested through cheap credit, you can print and print and print but the folks wont get the money because they cant or wont borrow it

thats bernnanke mistake , every bear market in the history had rallies where folks called it over with, this is a bear market rally and the abyss awaits us

in K wave terms we this is an economic transition to different leadership, the Spainsh, Dutch, Portugese and British ended the empires by borrowing to much and letting folks make things for them, the chinese and the Indians will eventually pick up the economy and lead it out for trouble, but not for a few years, there is tremendous short term over capacity

The Alt A crisis is about to hit and this is much bigger than sub prime, 10% of US home owners have negative equity, there is a bubble in low end housing in australia due to first home owners grants, why is it we think we can sustain ridiculous housing prices when the rest of the world is rolling over, Bernanke has created an even bigger crisis its just yet to arrive , although its not to far away

To get hyperinflation you have to have rising prices, to pay for rising prices you either need expanding debt or rising wages, the Fed has got the greatest myth going of the last two centuries, its got everyone conned they can create inflation, Bernanke talked about it in his papers he referred to it as "cheap talk", Bernanke doesnt under the difference between debt based consumption and real wealth creation, he sees all consumption as equal, it just activity to him if he stimulates though cheap credit its the same to him as folks innovating and manufacturing, so now you have the entire US economy just consuming stuff form other countries and buying that stuff through expanding credit, that obviously cant last forever

Bernanke will go down in US history (with Greenspan) as the guy that set back the US economy for 50 years.