By Bill Bonner
We have a feeling that 2012 is not going to be a great year for money you get from the ground. Oddly, it will probably be a better year for the money you get from trees.
How is that possible? We all know paper money is going to be worthless. Yes...dear reader...but not necessarily in 2012. It's just part of the curious way Mr. Market does business...and a feature of his nasty habit of ruining as many investors as possible.
Look, it's pretty simple. The private sector debt bubble blew up in 2008. The public sector debt bubble will blow up too. Maybe in 2012. Most likely not for a while longer. But when US debt begins to blow up, the feds will come in with everything they've got trying to stop it.
And all they've got is a printing press. Ben Bernanke:
..the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US Dollars as it wishes at essentially no cost...
No comments:
Post a Comment