«-- Note from JWR: | Main | Odds 'n Sods: --»
Jim's Quote of the Day:
"At this point, our bet remains that the Feds will go to default mode which
means cranking up the printing presses into the red zone, letting the dollar
move ever closer to its intrinsic value: zero. That they'll follow this route
is suggested by two inputs. First, a depreciating dollar means a reduction
in the trillions of dollars in obligations now owed by the U.S. government.
And, secondly, foreign holders don't vote." - David Galland, as quoted by
The Silver Bear Cafe