[quote=kewp]The United States, as well as the United Kingdom, will keep experiencing a significant increase in prices, fed by the rapid growth in money supply and the creation from scratch of large amounts of money.
Everything is collapsing in price; from housing to soybeans. Even oil is dropping like a rock.
BS +2[/quote]
The B.S. seems to be spreading. When CNBC pundits and yahoos on Yahoo! begin to casually discuss the spectre of a U.S. bankruptcy, you know you’re not in Kansas anymore.
Credit default swaps on T-bills are rising fast. The day of reckoning draws ever closer.
The U.S. will eventually lose its AAA rating. After that, game over.
“The U.S. might really have to look at a default or the bankruptcy
reorganization of the present financial system” and the bankruptcy of
the government is not out of the realm of possibility, Hennecke said.
