Marc Faber On The Death Of Fiat Money - "Dollar Will Go To A Value Of Exactly Zero"
• Zero Hedge"The fiscal position of the US is a complete disaster. Eventually in ten years time about 50% of tax revenues will be used to just cover the interest payments on the government debt and that is unsustainable. Then you are forced to print money... As
YES THE CURRENT INTEREST PAYMENTS IS $24,000 PER SECOND. READ THAT AGAIN $24,000 A SECOND. THE TREASURY CANNOT PAY AT THIS RATE NOR BUY BACK THE BONDS, SO THEY JUST KEEP ROLLING THE DEBT OVER AND SELL MORE BONDS WITH FIAT MONEY TO THE FEDERAL RESERVE. IT IS CALLED (BY THE FED) COST FREE EARNINGS. WAKE UP AMERICANS, IT MAY ALREADY BE TOO LATE.