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FSN: Debt Ceiling to Infinity
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Andrew Hoffman
Miles Franklin
Last week, Miles Franklin’s Bill Holter penned a missive titled “It was… “fun to have fun!””; postulating the following:
As for the debt ceiling…Treasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′…there is no question it will be raised – and possibly even eliminated. I say “eliminated,” because raising the limit every year has become embarrassing; and there is no point anymore pretending there is a “limit”. Bernanke has already made it clear “infinity” is the limit to QE, so the Treasury might as well join the festive ride!
Embracing the time-honored principle of Occam’s Razor, Congress – like the Fed – will take the easiest way out. Eliminating the debt ceiling will indeed reduce government “embarrassment”; as it become downright annoying to argue like children every year or so. After all, if you can just PRINT as much money as you’d like, what’s the point of having a debt “limit” at all?
Continue Reading at MilesFranklin.com…
2012-11-14 17:02:45
Source: http://silveristhenew.com/2012/11/14/debt-ceiling-to-infinity/
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