Friday, March 20, 2009


The first 60 days of the Obama administration is becoming increasingly surreal. Apparently all restraints on spending and inflation of the money supply are off. Budget deficits are now expected to average almost $1 trillion per year for the next 10 years, over twice the previous all time record.

The chart above shows what is happening to the money supply, and the accompanying article from Canada's Financial Post asks "Is this the end of America?"

Not a bad question.

No comments: