Friday, December 10, 2010

Headlines: December 10th

Federal government today announces a $150 billion deficit for the month of November.

Federal Reserve today announces $105 billion in government debt purchases in January.

On pace for Federal Reserve to soon begin purchasing all of deficit with printing press.

US currency on pace for complete annihilation.

Leaders cut no spending. 

Only press harder on the gas.

For an excellent discussion of this topic and the recent tax cuts I discussed briefly yesterday, you can read economist Peter Schiff's recent article:

WASHINGTON ORDERS ANOTHER FREE LUNCH

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