Just Something to Think About

"The problem that governments face today is that they cannot depreciate their money fast enough to keep their debt loads “affordable” without running an ever increasing risk of wiping it out as a viable media of exchange. Their choices are quickly narrowing down to only two. Either start cutting spending drastically in REAL terms or face the collapse of the “legal tender” which is the source of their power. There is a third choice -- habitually resorted to by governments at the end of their financial tether -- war." - Bill Buckler, The Privateer, May 30, 2010