Southern Bread

If you aren’t familiar with Karl then start tracking him. He’s a very sound economist. This might be the scariest video I’ve seen in a while. He is right of course. Everything he says makes sense. This country will never make it to a 60 trillion debt load. The system will come apart long before then. The only hope we have is that the American people continue to do what they are doing now and contract their debt voluntarily. This will at least keep things at bay for a while until we can get somebody in office that will do what’s right and end the Federal Reserve once and for all. But if Bernanke and company inflate another credit bubble then you can kiss the U.S. goodbye. We would see a total economic collapse within 20 years. The problem is that this President and Congress, just like the last one and the 20 before them, show absolutely no willingness to swallow the bitter pill now. They are going to try and kick the can down the road. The problem is that there is no more road, just a cliff.