Tuesday, August 2, 2011
No Real Spending Cuts in Debt Deal, Just Another Nail
Its no surpise why this bill passed without support from more than 40 fiscal conservatives in the house. According to a number of politcal figures, including Ron Paul, the debt deal does not elimate any current spending, instead focussing on cutting projected future expenses. This is just another nail in the coffin of the US economy, and is the beginning of an age that i'm going to call: Age of the Black Swan and the Big Long. The black swan refers to the catastrophic event of the eventual US default, and the profitable shorting of the US economy as a whole. The big long refers to the value of Gold/Silver, which will ultimately gain in value until the day the US defaults, and even then it may serve as a safe haven depending on politics and current economics. The swiss franc is a less volatile alternative to gold/silver.
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