Tuesday, March 16, 2010

Inflation Explosions in a Financial Action Film

There was an interesting item in The 5- Minute Forecast which read, “Within 12 years, the largest item in the federal budget will be interest payments on the national debt,” which is pretty scary for guys like you and me, especially if you are, like me, a paranoid, frightened and angry little man who sees nothing but complete catastrophe looming up, rising up out of the mists like a fearful Gorgon to turn you to stone, because the federal government is borrowing and spending too, too, too much money, all of which is supplied by the Federal Reserve which is creating too, too, too much money and credit, which is horrifying because such massive inflation in the money supply will, by necessity, destroy everything with ruinous inflation in prices because, unfortunately, that’s the way it works.
A warning and some words of advice from the hyperventilating Mogambo who says "We're all freaking doomed!"

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