Written by: Donald Hank
If America descends into anarchy and chaos, I would want at least one assault pistol and one assault rifle just in case I were pinned down by a group of thugs with guns. I would want the same for my family.
But I do not recommend that for you.You need to know what is best for you in such a case.
Do I think America is headed for anarchy and chaos?
My economist friends tell me that is a distinct possibility. It would be a potential outcome of any government policy that spends too much, has too much debt, and issues unbacked currency.
Greece has anarchy and chaos as a result of a government spending more than its GDP. QE 1. 2 and 3 meet the criteria of issuance of unbacked currency, around $2 trillion so far and counting.
America has a debt of $16 trillion and a GDP of $15 trillion, thanks to an irresponsible president (who cries a lot), Congress and Fed. Now here is a math problem for you.
Which is bigger, $15 trillion or $16 trillion?