Jul
06
Your Congress Just Approved a Budget – “Deemed as Passed”
By7.6.2010
What does this mean? It means that there is no actual budget, but it allows Congress to continue to spend money without restrictions. A fictitious 1.12T dollar budget was passed as part of another bill – if they did not do this, they would have to wait until a real budget passed before they could spend in fiscal year 2011.
What does this mean for you? The disciples of Krugman will ensure that the budget will explode and Uncle Ben Bernanke, who is already gassing up the choppers, will be distributing increasingly worthless pieces of paper (US dollars) across the land in record proportions.
Financial Tip
Take a lesson from Mexicans: real assets hold value when the government abuses the value of the country’s currency.
