Wednesday, April 13, 2011

Amid Global Meltdowns, What is the Half Life of the U.S. Government's Fiscal Solvency?

Thanks to the recent (and laughable) "largest annual spending cut in history" announced by Obama and Boehner, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look chilly by comparison. While cesium-137 may have a half-life of 30 years, and iodine-131 a half-life of 8 days, if the U.S. government continues on its current path of spending trillions of dollars it doesn't have, the half-life of the value of a dollar may soon be measured in hours.

Want to buy a loaf of bread at the store? Bring a bucket load of cash, because by the time you get there to buy it, the price may have doubled yet again, Zimbabwe-style. Such absurdities are now headed our way, and they will arrive sooner that you've been led to believe.'


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