The nationâs debt clock is ticking faster than ever & Wall Street is getting worried
- Thread starter ByLoSellHi
- Start date
The U.S., U.K, Spain, Italy - screwed.
At least Spaniards and Italians have been there, done that.
Inflate or die is back in vogue, except if you inflate prices of necessities and finished goods in the U.S. under a scenario of stagnant or falling wages and rising unemployment, you will send the whole shit into a tailspin.
China is picking up excess manufacturing capacity at prices we can't and won't compete with, and India is starting to dominate IT and IP and services of just about everything that can be outsourced at prices we can't compete with.
And those two nations have 2.3 billion people to feed their mills forever...
At least Spaniards and Italians have been there, done that.
Inflate or die is back in vogue, except if you inflate prices of necessities and finished goods in the U.S. under a scenario of stagnant or falling wages and rising unemployment, you will send the whole shit into a tailspin.
China is picking up excess manufacturing capacity at prices we can't and won't compete with, and India is starting to dominate IT and IP and services of just about everything that can be outsourced at prices we can't compete with.
And those two nations have 2.3 billion people to feed their mills forever...
Shadowstats has a number near $93.5T.
Check out Financial Sense's audio on it over the weekend.
http://www.netcastdaily.com/broadcast/fsn2009-0502-3a.asx
US. debt levels make deflation unacceptable. If the currency becomes destabilized and hyperinflation occurs, what would be the investable assets? Hard assets: metals, energy, real estate? Stocks? Guns and Ammo? Hyperinflation increases the velocity of money.
Don't forget ciggies and booze.