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RE: David Stockman: a "Fiscal Bloodbath" to Hit this Summer

in #money8 years ago

So, we will go bankrupt?
Gotta buy more gold and get rid of these useless federal reserve notes...
Thanks for the great article!

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Anything can happen.
I personally agree with Peter Schiff that the Fed would hyperinflate the dollar rather than let this bubble pop.

That would still be a bad outcome though...

oh yeah. there is no good outcome. Like coming down from heroin, you can either come down and get withdrawals, or OD and die. Either way, it's at least temporarily bad.

haha good analogy.