Ben Bernanke: (Highlights are mine, as in Greg.. not Ben ;)
…the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost. By increasing the number of US dollars in circulation, or even by credibly threatening to do so, the "US government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services". We conclude that, under a paper-money system, "a determined government can always generate higher spending and hence positive inflation".
Get that? The FED is more than willing to make your (so-called) money completely worthless if that's what it takes to save the debt based ponzi scheme economy for the elite..
Believe it, watch it happen, it's happening right now.
Read the article on The Daily Reckoning: When the Public Sector Debt Bubble Blows Up