Our current economic situation is untennable.
You know how compounding interest works, right? Just wait until they're forced to increase the rate on our debt, which we have no interest in paying off.
Things are collapsing much faster now that the principle on the debt is so high. The weight of interest accumulating on our debt is fast outpacing our ability to keep up with the payments. We're actually financing our debt payments at this very moment.
Hyper-inflation is inevitable at this point, IMO. Unless there is a VAST shift in economic policy, we're going to see a major wealth redistribution in our lifetime as we shift to a new currency.
Very good reading. Wouldnt it be nice to have some of our first presidents back today?
Good article. Dead on description of Obama, and I find little to disagree with in the rest.