Comment: p.s.

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Michael Nystrom's picture

p.s.

Deflation is just as likely (if not more so) an outcome as hyper inflation. (Peter Schiff will tell you that is ridiculous. Then again, he's selling gold.)

When the debt collapses, it will be impossible for the Fed to print enough to make it up. Impossible. It will be politically impossible due to people like us, and it will be practically impossible as well.

He's the man.