Wednesday, June 10, 2009

This Ain't True, Neither!

The other way of saying "a near-doubling of the U.S. price level over the next decade" is "The value of your savings will be cut in half over the next 10 years."

Uh, no. That would only happen if you stuffed your entire savings under a mattress in cash. And his "hyperinflation" of 7% was actually meant to be a scare compared to what he calls an "uncomfortable 5-6%. What a stooge.

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