|Bracing against the wind|
Friday, July 16, 2004
If our deficits continue to soar and our "free money" interests rates remain rock-bottom, expect to see confidence in the U.S. government's ability to pay its debts begin to falter, inflation to rise, and investors selling treasuries.
Without the necessary checks and balances offered by the states, and with a half a trillion dollar per year deficit increase, my guess is that the U.S. federal government may be in for a systemic monetary collapse.
My advice: sell your government bonds and buy value stocks that don't do government business.
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