…or How Federal Reserve printing leads to monetary inflation and a fall in economic activity…..
..The reality here is that once a nation or nations go past a certain point, there is no turning back. You have to either destroy the debt structure, which is a hard-debt deflation, or you destroy the currency by printing more and more until you see a hyperinflationary collapse…
..the U.S. debt surged a record $328 billion in one day, the first day the government was able to borrow money….
…the 42-year market veteran who correctly predicted that the Fed would not taper spoke with King World News about what people will need to do in order to survive the coming financial chaos….
…when will the Chinese renminbi (RMB) replace the US dollar as the major world reserve currency? The assumption behind such questions is almost always that the coming crisis in US entitlement programs will force the Fed to monetize even more debt, thereby killing the dollar…..
DEBT CEILING: The ceiling is a limit set by Congress on the amount that the government can borrow for public spending and was set at $16.4 trillion in 2011. The debt ceiling was technically reached on December 31, 2012, and extraordinary measures were taken by the Treasury Department to enable spending to continue. According to […]