Friday, May 29, 2020

Money Printing & Deficit Spending: It Will End Badly

There's an election in November in the United States. None of those guys care about you and me or other people or young people like my kids. They care about the election. They want to print and spend and borrow as much money as they can to win the election. 

We're all gonna pay a very difficult price afterwards. The amount of debt that has been added... America was already the largest debtor nation in the history of the world and in the last month they have added staggering amounts of debt and they continue to add more and they're printing more money.

Nowhere in the history of the world has that kind of action done good things. Maybe in the short term it does good things but nowhere in history has it done good things in the long term.

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