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Written by Larry Edelson -Uncommon Wisdom
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Monday, 21 March 2011 08:00 |
Take a look at what’s happening around the world …
Washington is dead broke, drowning in $136 trillion of debt and unwilling to make meaningful spending cuts. But even if they were willing to make cuts, they simply could not make enough cuts to get out from under the crushing debt load, not to mention the interest on the debt. As a result …
Our Federal Reserve is printing a tsunami of dollars to try and patch together everything … to support current spending … to try and support our bond markets so they don’t collapse … and to inflate away our debt problems. Meanwhile …
Most U.S. states are dead broke. But unlike Washington, they can’t print money; they must slash spending.
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