Spot on, Buckwheat.
And the thing that’s going to bring this whole house of cards down is runaway inflation.
At its most fundamental level, money is supposed to represent the value of goods and services. True barter is an extremely cumbersome way for people to get what they want or need. The purpose of money is to facilitate the trade of these goods and services between the people who produce them.
The problem is that our government is flat-out GIVING money, in ever-increasing amounts, to people who are producing NOTHING.
The effect on our currency is a steady erosion of its value.
Under Obama, this process has rapidly accelerated and those on fixed incomes are now getting hammered by skyrocketing food and gas prices.
Other prices are steadily rising, as well. The only life vest we have right now is cheap imports, and that will go by the wayside as our currency continues to decline in real value.
At that point, no other countries will lend us any more money to support these massive welfare programs and everything will come crashing down upon us.
If Barack Obama is re-elected, financial collapse and runaway inflation will follow. The first victims will be senior citizens.
And, if I may add, printing money at an absolutely unsustainable rate...
I’m no Econ major but even I know that the more you have of something, the less valuable it is.