Washington’s $5 Trillion Tab

I can’t believced I missed this because it answers a question I had on one of my fireside chats last week (which by the way you should not miss). According to Forbes Magazine:

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system

1 reply
  1. Erik
    Erik says:

    Tell me if I am wrong, but shouldn't this be hyper inflationary? They are not borrowing this money they are creating it out of thin air. But there is so much demand that the dollar remains strong. Gold should pop like a cherry bomb soon.

    -Erik

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