Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In [VIDEO]
In the US, the monetary & fiscal stimulus spigots are turning off as the Fed threatens to start tapering in November and Congress devolves into gridlock over both the next stimulus package as well as the debt ceiling.
The US currently spends 111% of its tax receipts on the true cost of servicing its debt & the Fed is now chained to printing up the difference.
This is a no-win situation.