Gold – the final bubble, page-3739

timber: "In the US, reflation requires budgetary expansion"

hmmmm, so yearly deficits of between $500 bill and $1 trillion are not enough anymore to keep the 'scheme' inflated. What does this sound like: 'a scheme that only remains solvent as long as more and more new entrants with new money are poured in; and the beneficiaries of the scheme are those that first entered and created the scheme'.

I am excited. I now have quotes from Skol and Wiki and timber admitting that the fiat scheme is nothing more than a Ponzi scheme. Amen. timber, please have a look at the shemitah to see what God thinks of financial Ponzi schemes.

Today I learn Kruggers has written a recent piece explaining the current problem is simply that governments do not have enough debt. They need more debt. Ah, Kruggers. You are so transparent. Let us give the dummy another Noble prize.