By Rocky Vega
10/20/09 Stockholm, Sweden – With news today that the government finalized its $1.417 trillion budget deficit, which is 10% of US GDP, it’s no real surprise that the Mint has had to turn to extraordinary measures…
Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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Ahh, the new Obama economy.
We used to be a world superpower.
Now we’re in a race to out inflate even Zimbabwe.
How long will it take for the US to become a world leader in printing worthless dollars?
I-like-hyperinflation.I’m-too-fat!
I-NEED-STARVATION.Lets-go,uh-oh!
Blame it on Bush. Surely you don’t think this collapse started just nine months ago with Obama?
Ralph said
Blame it on Bush. Surely you don’t think this collapse started just nine months ago with Obama?
I blame it on fiat money and excessive government spending…that started with Lincoln…
“I blame it on fiat money and excessive government spending…that started with Lincoln…” by axbucxdu
I totally agree……….”our money shall be made of gold and silver coin”………The Constitution of the USA!! NOT verbatim, but read it and prove it wrong!! It’s our duty as an American to debate what’s needed, but NOT to force what’s wanted!!!!!!