Treasuries to Yield 10-20% in 5-10 Yrs... foresees Marc Faber, due to inflation & oversupply... emphasizes money printing is just another way for govts to silently default on their debt... "Defaulting through money printing means the repayment of the creditors occurs in a currency whose purchasing power was severely curtailed through the money-printing process"... points out rising cost of living, depreciating currency against other currencies or precious metals are common symptoms of a loss in the purchasing power of a currency... worries that the US public debt will grow so much that "the government will need to print money just to pay the interest on the government debt"... http://www.cnbc.com/id/35912043 (4*)
Thursday, March 18, 2010
Treasuries to Yield 10-20% in 5-10 Yrs... foresees Marc Faber, due to inflation & oversupply... emphasizes money printing is just another way for govts to silently default on their debt... "Defaulting through money printing means the repayment of the creditors occurs in a currency whose purchasing power was severely curtailed through the money-printing process"... points out rising cost of living, depreciating currency against other currencies or precious metals are common symptoms of a loss in the purchasing power of a currency... worries that the US public debt will grow so much that "the government will need to print money just to pay the interest on the government debt"... http://www.cnbc.com/id/35912043 (4*)
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