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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: Think4Yourself5/7/2009 11:44:10 PM
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Does anyone think the buyers of Treasuries are going to loan this government 3.55 trillion dollars for this year's budget? China has already cut off their credit line to the US and is actually selling treasuries now. They can read the writing on the wall.

So where is this money going to come from? It most certainly won't be borrowed at below 10% interest. What are foreign countries going to do with their US dollar holdings if the US just "prints it"? Will they hang on to their holdings or dump them on the markets, realizing the government is probably going to do the same thing next year?

Get ready for hyperinflation because it's coming...now.

Low rate mortgages are about to disappear as well.
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