THANKS TO THE FED: While debt grows, buying power & national credit score drop
What are the two things the Fed always promised NOT to do? First: print lots of money, which leads to deflation. And second: buy out the national debt. But, yet, they do BOTH these things in excess. And thanks to the fed's poor decision making, not only is the value of the dollar declining (ten percent in ONE week!), but our national debt has never been higher, and our "national credit score" has just been downgraded, which means the U.S. is at risk of becoming an untrustworthy borrower. Glenn advises ALL Americans to have enough cash at home to last at least a week, because a banking crisis could happen soon.
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