TakeAStepBack
Gold Member
- Mar 29, 2011
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We really have two options at this point when it comes to debt/deficit/monetary poliicies that I see.
1) The government will no longer have debt buyers and be forced to slash the spending of borrowed money, causing economic pain and hardship.
OR
2) The government will refuse to slash spending and continue down the road of monetary inflation until hyperinflation occurs, causing economic chaos.
The situation is obviously a touch more complicated when figuring in reseerve currency of the world, etc...but the next bubble is being built right now and that bubble is government spending and currency devaluation. There is no where left to suds up another bubble..
What say you?
1) The government will no longer have debt buyers and be forced to slash the spending of borrowed money, causing economic pain and hardship.
OR
2) The government will refuse to slash spending and continue down the road of monetary inflation until hyperinflation occurs, causing economic chaos.
The situation is obviously a touch more complicated when figuring in reseerve currency of the world, etc...but the next bubble is being built right now and that bubble is government spending and currency devaluation. There is no where left to suds up another bubble..
What say you?