2012-11-21 — usawatchdog.com
Asset manager Nick Barisheff says, "There's never been a fiat currency in history that didn't end in hyperinflation and complete collapse." Barisheff thinks that Treasury Secretary Tim Geithner's most recent call to have an "unlimited debt ceiling" for the U.S. was "just telling the truth." That's essentially what we have now with "open-ended" money printing by the Fed. Barisheff adds, "All it's doing is postponing a problem . . . it makes it bigger and eventually it blows up." Forget about remedies for the economy, it's too late. Barisheff says, "We've passed the point of this getting fixed."
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