Is the World Broke? Blueprint to Bankruptcy
In a follow-up to my televised interview with FoxBusiness last week, I tell FoxBusiness journalist Dunstan Prial that the U.S. blueprint is to spend and print money while hoping for economic growth:
“…Portfolio manager Axel Merk, author of the recent book ‘Sustainable Wealth,’ believes the U.S. will likely try to pay down its debt simply by printing more money and hoping for economic growth.
The risk of that type of strategy is inflation, but it’s a risk U.S. politicians are willing to take in lieu of scaling back entitlements.
‘It may work until the next election,’ Merk said. ‘But if we’re not tackling these major issues, inflation is the path of least resistance. That is the de facto solution. …’ ”
Axel
Axel Merk
Author of Sustainable Wealth – order now.
President and Chief Investment Officer, Merk Investments
In my book, SustainableWealth: Achieve Financial Security in a Volatile World of Debt and Consumption, I dive into the dynamics that drive this world before discussing how you can invest in a boom, in a bust, in a personal or economic crisis. Make sure you follow the blog.
