Washington D.C.版上有名!
We are at a point where we either default on the debt,willingly or unwillingly,or create more money/debt to keep the cycle moving. The problem is, if you understand anything about compounding interest, we are reaching the hockey stick moment where the more debt that is incurred,the less effective it is and this leads us to hyper inflation. There are only two actors needed for this hyper inflation, the Lender of Last Resort, the Fed, and the Spender of Last Resort, the government. These two can and will blow up the system. I believe they will wait until the next crisis and the whiff of deflationary depression before they fire up the printing presses.
That crisis is coming very soon at the end of this summer or fall. The money and emergency measures are worn out. The fact that NONE of the underlying problems that caused the 2008 crisis have been resolved. The only thing that has happened is that instead of corporate problems,we now have nation problems. In this movie Greece will play the role of Lehman Brothers and the United States will play the role of AIG. The problem is there is nowhere to kick the can down the road and there is no world government to absorb the debt,yet…
5. Washington D.C.- The political collapse of the Federal Government will wreck havoc on the hugely inflated local economy. As more and more states find it necessary to assert their natural control, the Federal Government will suddenly loose power and importance as the whole world suffers from a Global Hurricane Katrina. The money that they create and spend, will become worthless and the government minions pensions will evaporate.
