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West Ky | We have been printing money and giving it to foreign banks to buy our debt for a couple of years now. That is inflationary.
We also have tens of trillions in unfunded liabilities coming due and how are we going to pay for that? Taxes? I think not!
If we taxed every drop of money Americans have we would still be short on the budget.
By the way John Williams of Shadowstats is one of the biggest if not the biggest name in the economics arena. I can't think of anyone more respected than he is. When I read articles that want true economic numbers and not numbers that are made up out of thin air like the Fed. Gov does they refer to John Williams of Shadowstats.com. | |
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Interview with John Williams on the Coming Economic Collaspe
