For awhile now, I've been writing about our impending financial melt down. There are now more and more people starting to sound the alarm, but I fear it may be too little too late. Granted, it's not a sure thing, but if I was a betting man, I'd bet a couple hundred trillion Zimbabwe bucks on it. There is time to reverse policy, tighten the money supply and live within our means, but the Democrats are in charge and they are dead set on spending as much as they want with no thought to the harm it will cause.
This from an Op-Ed in the San Fransisco Examiner:
With an unprecedented deficit that’s approaching $2 trillion, this budget proposal is a surefire prescription for hyperinflation. So every senator and representative who votes for this monster $3.6 trillion budget will be endorsing a spending spree that could very well turn America into the next Weimar Republic. For those too young to remember, that was the period in Germany in the years between the two world wars when people needed wheelbarrows full of money to buy a loaf of bread.
That's if you can find a loaf of bread on the shelves.
The presses at the mint are working overtime. The money supply is at it's largest ever and expanding. Unless the fed pulls the brake and stops printing, the only result will be hyperinflation.
I'm not one for conspiracy theories, but this just has to make you wonder what is going on. Are the Democrats really that stupid? Maybe they just don't care. Maybe they want a collapse and the resultant chaos. After all, that's right out of the Socialist's playbook.
Bailing out the bankers maybe just a ploy. It looks like they are feigning to save something they intend to actually destroy when all is said and done.
I wish I could be more upbeat, but I do not see this economic train wreck ending well.
VW









