From Money Morning Australia
"The final stage of the crisis of the global monetary system is near. It’s the stage where investors realise the finances of the US government are worse than Greece and Italy and the UK. It’s the stage where investors and the public realise the only way for the US government to keep running large deficits is for the Federal Reserve to “monetise” them.
This is massively inflationary.
By “monestise them” I mean that if no one else can or is willing to buy US government debt, the Federal Reserve will. The important point for Australian investors to realise is that no matter what happens to the value of the Aussie dollar relative to the US (the exchange rate), the decline of the US dollar is hugely bullish for tangible assets."
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