your thoughts on this article(U.S. collapse)

[Joe]

@slowtalon

the fact is when you just print more money to account for spending the value of said money decreases and all that old money loses value as well, so actually the rich would get poorer unless there money is in other items such as silver and gold. Lets just say i know this isnt the case but when they decided to give everyone there $600 stimulus check now there wasnt a surplus that this money was payed out of so lets say bush says fuck it people will be happy getting money so he authorizes $600 to be printed for each person to cash there check now there is an influx of new non backed currency flooding the market and all those “rich” people with money in bank accounts not stocks or gold just cold hard cash that they have been saving or inherited that money loses value therefore making them poorer.

Also correct. This is the opposite end of the spectrum.
The Keynesian cycle would tell us that when inflation started rising because of the oil crisis, raise interest rates, cut back on the money supply, and let things re-balance themselves. However, the credit crunch needed lower interest rates to keep the pump flowing, or else everyone would have simply hoarded money and we get recession. The credit crunch won over the oil crunch, and we got inflation. If they had chose to raise interest rates to deal with the oil, inflation wouldnt be as bad but credit and housing would be a worse mess, and that could even be a bigger economic threat. This was a perfect storm for economic fuckitude, and one more side effect of our economy relying on a foreign product priced in our currency.