Friday, November 20, 2009

Debt is Destroying the Dollar

Subject: txt mny -
Washington - One of the many television commercials exhorting viewers to buy gold says solemnly that it is an asset whose value ''has never dropped to zero,'' a boast that surely sets a record for minimalism. [Snip]

America, says Lindsey, will not become Weimar Germany, where hyperinflation caused people to rush to stores with satchels of rapidly depreciating currency. But, he adds, no country has successfully behaved the way the United States is and avoided the consequences...

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image toon - mny - inverted dollar flag

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