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The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
The Debt Spiral Ends In Dollar Destruction: 6 Hard Truths America Can No Longer Ignore
Authored by Nick Giambruno via Doug Casey's International Man,
“Whenever governments are granted power to purchase their own debt, they never fail to do so, eventually destroying the value of the currency.” – Ron Paul
Let’s take a step back and look at the big picture so we can assess the US government’s financial situation, where it’s likely headed, and what these trends could mean.
Observation #1: It’s Politically Impossible To Cut Spending
Among the biggest expenditures for the...
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