Congressman Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.
We all are paying to bailout Greece, which by the way is a socialistic state with only 11 million people. This is smaller than Los Angeles, but yet we are bailing them out to a tune of close to $1 TRILLION. Socialism cannot survive as eventually there is not enough taxpayers money to pay for the entitlement programs. Maybe that is why the US has seen a budget deficit for the last 19 months. There is not enough taxes being collected to pay for running our government! We cannot pay for what we need, but yet this administration feels we can, or better to say we should bailout Greece. After Greece there will be Portugal and Spain and we will be bailing them out as well, mark my words. Enough is enough!
I have a feeling, time is getting close that we will be seeing hyperinflation, AND significantly increased taxes at All levels...city/county/state and federal. Folks, if you cannot see the writing on the wall, well just bury your head deaper in the sand because there is no use to start looking now.
Keep your eyes open!!
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