Every 15 months, the USA owes another trillion dollars against Gov expenses!
Prop up the bad guys with money and reward mistakes & incompetence!
Money Supply has increased 70% since October!
Every American owes: $586K for FED debt
"Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon." Richard W. Fisher, the President and Chief Executive Officer of the Federal Reserve Bank of Dallas.
Link Fed reserve Bank of Dallas: Storms on the Horizon - Fisher's Remarks before the Commonwealth Club of California
2 comments:
Moneysupply may have risen sharply but this money isn't flowing into the economy (yet). Banks are keeping this money on their balancesheets. They aren't lending anymore. They are repairing their balancesheets with this money. The moment this money is flowing into the US economy, then inflation will get a change. It could be very likely that this money sitting in the banks will be (partially) destroyed in a bankruptcy of a bank. On top of that consumers are borrowing a lot less.
Yes, inflation will go through the roof but NOT now but somewhere in the future.
Arth Laffer! Seriously. This is the same guy who sat next to Peter Schiff two years ago and said our economy was sound and has no problem. What a clown.
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