Julian Robertson has told the truth about the probability of rampant inflation in this country. No country retires it's overspending reckless governance thru economic growth or taxation. That's a liberal myth. Drunken sailors are shamed to second place by our government's spending.
The truth is, all countries ultimately monetize their debt. Print money. Devalue their currency.
We are about to do that as other world governments refuse to buy our debt. So, we will print funny money to keep the Ponzi scheme going.
Hang on to your wallet, wait, don't bother. There's nothing in there.
1 comment:
Scarcity of products and services will increase. Who will want to work when a welfare check from Obama..Yes..Yes..Yes can be readily obtained. It will crush the economy when our creditors pull the plug. That is not too far away. Then...after that things get real scary. With a boy president and a shattered economy, the time would be at hand to take down the mightiest country in the world. Obama..Yes..Yes..Yes.
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