Nemo:
Re: “Simply put, for every $1 of new federal debt undertaken, the US achieved $0.44 cents of economic activity or "growth".”
That's one scary little article you just posted.
Just think: The Fed can't raise interest rates because doing so will make new debt impossible to afford. But it will HAVE to raise interest rates to combat the inflation that's going to result from all the new money it needs to create. The country is caught between a rock and hard place. When the two collide, TEOTWAWKI will result.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months |