Not the expert
Katastrophenhausse: “crack-up boom” due to out-of-control government printing of money and the resulting complete loss of confidence in it.
“We forecast this two years ago while most economists were sleeping. This past year the Fed bought 80% of new government debt or $1.2 trillion worth as foreigners bought only $300 billion worth. To think this program will end is pure folly. There will be no one to buy the debt, which grows larger with each minute. Deficits will run more than $1.5 trillion a year as far as the eye can see. Revenues continue to fall and spending to rise. Foreigners are dumping dollars not accumulating them. Worse yet many other nations have similar problems. They have to raise money as well. Who will accommodate them? We are talking $10 trillion alone for the G20 countries, some of which are on the edge of bankruptcy. Then again where will the money come from to bail out the likes of
Also, let me point out the link in the Great Websites section at right for "Hyperinflation Nation," which shows one world-class expert after another predicting a hyperinflationary depression in the United States soon.
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