Friday, 13 February 2009

Marc Faber "US will default on debt or enter hyperinflation"


There is no escaping the fact that the US economy is severely overburdened with debt. That the consumer economy is failing at present means a diminished ability to cover the interest on the credt here. The US goverment, to cover their spending/stimulus, borrows or prints even more money. It's a cycle feeding upon itself.

[Posted at the SpookyWeather blog, February 13th, 2009.]

No comments: