How will America recover from this financial crisis?
4 days ago
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How will America recover from this financial crisis?
We have to see a collapse in our bond market & runaway inflation first. As long as we can continue to borrow and spend money, we're going to do it. We're not going to stop until the market forces us to stop by imposing a crisis. That will be a currency crisis and sovereign debt crisis. Only after the crisis comes to climax, will we potentially do the right thing. But a lot of bad things will happen before our leaders will have any motivation to do change anything.
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