In a recent show on Fox News, Glenn Beck described in simple terms the looming disaster that will result from the Federal bailout program. His description further confirms the disastrous consequences I warned of in my recent article, Stop the Madness: No More Bailouts! The government will have to DOUBLE THE CURRENCY IN CIRCULATION to finance the programs already approved in October last year. This will be disastrous for our already wounded economy, resulting in HYPERINFLATION. His chart does not even include President Obama's additional one trillion dollar bailout plan that went to the Senate this week for approval. View the video showing Glenn Beck's graphic explanation of how the amount of US currency in circulation is SKYROCKETING as a result of the current bailout package and the effect it will have on us. Click the link, below.
An Inconvenient Debt
Saturday, January 31, 2009
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