Can anyone tell me of any good thing to do in Lindau, Germany?

Can anyone explain the miracle of the rising dollar?

• Every couple of weeks Ben Bernanke hits the button that creates another $1 Trillion electronically. This money arises out of thin air. It is essentially without any basis in GNP, or any Basis in Gold Bullion, or any basis in Silver bullion. The electronic money simply shows up in the accounts of the Federal Banks. The miracle is that dollars gettting more and more valuable around the world. Everybody wants to have them. They are the supremely valuable thing, even compared to oil, gold, rhodium, platinum -- nah people don't want that silly stuff they want paper dollars that Ben Bernanke just created with his thumb pushing the "Deposit an Extra $1 Trillion" button which he has there at The Fed. Well now this is the miracle thumb. It's far better than the goose that laid the golden egg. At this rate, a trillion dollars of free money every two weeks -- and dollars getting more and more valuable against all other currencies and all commodities -- there will be universal prosperity for all mankind, possibly within a few more months. Value created out of thin air, by fiat, Ben's thumb, now that is a miracle. We don't even need to print money anymore, just hit the button with Ben's thumb. Ten years from now I expect to see a "Thumb Building" on Wall Street, just a huge thumb with offices inside, perhaps holding the many sovereign wealth funds and multinational corporations and diplomats whose whole world was transformed from poverty to wealth by Ben's Thumb. The building would be erected by all mankind as a tribute to the Miracle Thumb of Ben Bernanke -- better than the Golden Egg laying Goose -- by a longshot. Every other time in the hostory of the world that fiat money was created at such a rate and with so little basis in production or tangible assets, the money ended up being burned for its BTU content to keep folks warm in the winter. See also Germany in the 1930's and Argentina in the 1970's. The Chinese hold enough bales of US paper money to fill a municipal landfill. But they want more. See, to them those dollars are a great investment because they are rising in value, every day, every hour. It's a miracle. I wonder if beatification is in order at this point. Nothing that ever happened at Lourdes is more miraculous than what's now happening at the Fed Building in Washington DC. If this really does amount to the salvation of all mankind --- wheee !!!! free lunches for all --- forever!!! why couldn't there be a new religion, let's call it Freeelunchism, sign me up, I want to be the first worshiper, and I'm going to wear a little charm modelled on Ben Bernanke's thumb on a little gold chain around my neck so people can see what I believe in -- miracles -- prosperity -- for free -- better living through electricity -- finally those electrons show themselves to be worthy of study and reverance. Someone out there can tell me what's going on. I am going to be so grateful when they do.

• Answer:

  It is always a good Idea to look at the numbers before one panics, see http://www.federalreserve.gov/releases/h6/Current/ What the table tells use is that M1 has increase by 15% and M2 by 9% over the last year. Much of the increase in M1 is do to the fact that the Banks are keeping more reserves because the FED started paying interest on them, Since the beginning of the financial crisis people have been holding more money than usual so the FED is just keeping the amount of money circulation constant which is why there is little or no inflation despite the increases in M1 and M2. What history actually tells is that people hold more money during recessions and if Central banks takes no counter action the result is deflation which makes holding money instead of investing more attractive which further slows the economy.