❦ The US government bubble is bigger than the housing bubble. It is bigger than the stock market bubble and it’s going to burst
❦ Americans are at the epicenter of massive global imbalances
❦ The only reason this phony economy works is because Americans can (momentarily) borrow money to sustain it
❦ All of the US policy is designed to postpone the day of reckoning beyond the next election
❦ How America embarked in fiat currency
❦ Why the whole world economy is phony because of using dollars
…and much, much more.
