Wednesday, March 16, 2011

Normal Interest Rates Would be a Disaster for U.S. Debt

Normal Interest Rates Would be a Disaster for U.S. Debt - Les Jones
"None of this can go on forever.
The Fed can’t print money forever.
The U.S. can’t borrow huge fractions of GDP forever.
Austerity is coming.
The only question in my mind now is whether we’ll have a currency collapse and hyperinflation first."

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