EndGame

State employees in the USA already earn about 50% more than their private counterparts. Government benefits are expanding, not contracting. The Fed is printing money like madmen trying to keep the banks capitalized. 40 million Americans are on food stamps. Government is confiscating all the wealth it can get its hands on without creating a PR nightmare. The US manufacturing base is increasingly leaving the country for better opportunities elsewhere. The US dollar index is falling, which is putting the brakes on imports. Cutting federal spending is labeled as the destructive fantasies of right-wing crackpots. At the same time, raising the taxes necessary to close the $1.6 trillion dollar federal deficit is completely impossible. The USA, like Zimbabwe is left with only one option, inflation. They have demonstrated time and time again that they will always resort to printing their way out of financial difficulties and this can only spell out the second scenario outlined by Ludwig von Mises.

Catastrophe is coming to the US dollar, and we had better be prepared for it...more