and to anyone who is thinking "they can just print more money," look at the following figures for M1(basically the number of actual dollars in circulation, ommitting the made up money in savings accounts that is both in your checking account and loaned out to someone).
Seasoonally adjusted % change over peiods:
3 Months from July 2008 TO Oct. 2008 19.9
6 Months from Apr. 2008 TO Oct. 2008 14.8
12 Months from Oct. 2007 TO Oct. 2008 7.6
20% increase in US dollars since July!!! I bet it has been even crazier in the last month.
M2, which includes your fake savings account money, has gone up 10%