Tuesday, December 24, 2013

Will USA Default Or Inflate? Mike Maloney

The U.S. could pay it back with worthless fiat Federal Reserve Notes. They could give them a quadrillion fiat dollars. Wouldn't be worth anything, but it would show as a transaction on the books. So these clowns could default and then hyperinflate even after that. I'm not sure how this is going to play out. I just know that it will play out and it will kill the dollar either way.




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