More grist for the worry mill. The author opines that continuing bailouts will just exacerbate the debt without positive effect, weaken the US currency (prompting foreigners to flee the dollar for gold) and ultimately lead to a situation like Japan's. Hey, he even includes some statistics for good measure!
I'm not buying it (yet), especially his clear but unstated call for a return to the gold standard. But, it's been awhile since we heard from the gold bugs, so this one's for them
Inflation, deflation, currency collapse--you can find an oracle for anything you might want to believe. I think it's time to invest in distilled spirits.
I'm not buying it (yet), especially his clear but unstated call for a return to the gold standard. But, it's been awhile since we heard from the gold bugs, so this one's for them
Inflation, deflation, currency collapse--you can find an oracle for anything you might want to believe. I think it's time to invest in distilled spirits.