John Rubino (in 2008)

America’s options have finally dwindled to just two: Accept a 1930s-style deflationary crash or embark on a Weimar Republic-style hyperinflation. There was never much doubt about which course our leaders would choose, but today they made it official. Treasury will assume essentially dictatorial powers to buy up pretty much the entire U.S. financial system, and the Fed will print the required trillions.