No one disputes that Americans owe far more than they will ever be able to repay. This includes future obligations to ourselves, such as Social Security, and public and private pension plans. Some believe “the Government” will bail us out. But substitute the word “taxpayer” for “government,” and you will begin to understand why the idea of a federal bailout is so farfetched. 
 
In this interview, Rick discusses why it is extremely unlikely that our debts will be discharged via inflation/hyperinflation. Were it otherwise, we might hope to pay off  our mortgages with a few hundred-thousand dollar bills peeled from our wallets.  Rick also explains why a Weimar-style hyperinflation is very nearly impossible. 
 
If the economic endgame interests you, this interview with the BBC’s Max Keiser is a must.

Watch the Interview here - https://www.rt.com/shows/keiser-report/457286-ecb-balance-inflation-germany/

Here's to your trading success!
Rick Ackerman

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 -- Published: Thursday, 25 April 2019 | E-Mail  | Print  | Source: GoldSeek.com

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