Sunday, July 31, 2016

Steve Wynn: Trump vs Hillary Is A Distraction 
From The Real Problem, Which Ends With 
"Wheelbarrows Full Of Money"
"Sooner or later, our political establishment is going to be forced, regardless of party affiliation, to deal with $19 trillion in debt that's climbing by around $1.6 billion a day. That means that in the Treasury auction each month in Downtown Washington, we're printing money at the rate of $40 billion or $50 billion a month which is of course increasing the money supply and directly impacting the living standard or the buying power of the U.S. dollar for people who are being paid like everybody on this call today .. In the history of the Western world, inflating your way out of this kind of a problem taken to its extreme, to use the Weimar Republic as an example, people went grocery shopping with wheelbarrows full of currency .. The United States has fooled with its currency even more aggressively than the People's Republic of China. I'm not an apologist for China or anybody. I'm simply stating a fact. But you won't see this in the conventions of either party. You won't hear this sort of thing because it's so uncomfortable to talk about it."
LINK HERE to the article

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