I see a potential "run" on the US Dollar coming.
Sure, the US holds reserves. About $500 bn (8,133.5 metric tons of gold worth about $300bn, 725bn bbls of oil worth about $58bn, and foreign currency reserves worth about $136bn). But that is not a lot against the $2trn...two trillion...in maturing debt the US has to finance in the next 12 months.
Aw, hell.....no problemo! Just print more money!
Take a gander at the before-after Lehman money supply chart. Then remember: Your government cares about YOU!
Tuesday, 8 December 2009
Print more money............from Rico
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1 comment:
What specific time series are you using to make this chart?
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