Humbug! asked:
What effects will that have on hyper inflation? Could mean a loaf of decent bread will be $15 load soon. The new President will mobilize the military to distribute bread and cheese, I guess. No jobs, hyper inflation and then it will be the true Great Depression.
Related Blogs
- Related Blogs on Guess
- Guess Who 12/29/08 | Buzz Foto LLC – Paparazzi Is An Art Form!
I think the congress and prez have allowed sales of American soil to foreing entities for a long time now. The debt we owe in dollars, etc. to foreign nations now will allow them to basically do what they want, they pretty much own us now. Too much trade imbalance, a lot due to tarriffs on our goods going into their country and none on their goods coming over here.
You are correct as to the eventual outcome—-but in a strict sense the foreign debt is IOU’s just like they pay you for you labor and cannot be collected except by force. As long as people accept the fiat money than hyper inflation is a surety and that goes for foreign nations as well..