SUPPOSE: In your town everyone is broke. Houses are emptied due to foreclosures, businesses are bankrupt, unemployment stalks the mean streets from Paris to Beijing.
But not you – you have an endless line of credit – you can print money, dollars, at the cost to you of merely 3 cents: You spend 3 cents, and produce dollars with the purchasing power of 100 cents, for a net increase in your wealth of 97 cents per dollar created.
And, then, you can use these newly created dollars to buy up any asset you want, expand your foothold in Africa, flood the global markets with demand suited to your requirements.
Everyone is looking for cash, and you own the printing presses of the world reserve currency. You have unlimited economic resources to bend the curve of economic forces in your favor.
What would you do?
Yeah, like that, only bigger…