We were on Fox News again yesterday afternoon beating the drums about the massive cash drain at the US Treasury and its ominous implications for the impending financial crisis. Shortly thereafter, colleague Lee Adler sent us the chart below---- which makes the picture crystal clear.
The Countdown To Crisis Starts Wednesday, March 15
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.